HI SB254

Increases the small purchase procurement threshold for goods and services from $100,000 to $150,000

Raises the small purchase threshold for construction projects from $250,000 to $360,000

Increases the minimum contract amount requiring compliance verification with state business laws from $2,500 to $10,000

Updates thresholds last adjusted in 2012 to account for inflation and rising costs of goods, services, and construction

Takes effect January 1, 2525