Senate Bill 1433 Summary

• Increases the licensing exemption threshold for single construction projects from $50,000 to $100,000 in estimated cost.

• Raises the public works procurement threshold requiring competitive sealed bids from $200,000 to $250,000 for political subdivisions.

• Increases the mid-tier procurement threshold (requiring sealed bids from at least three contractors) from $50,000-$200,000 to $100,000-$250,000.

• Extends the emergency declaration exemption period from construction work from 7 calendar days to allow both governor-declared emergencies and governing body declarations made in anticipation of a governor's declaration.

• Effective July 1, 2024, with emergency clause declared.