KY HB392

Increases the small purchase threshold for local public agencies from $40,000 to $60,000, with automatic $10,000 increases every five years starting in 2030

Replaces "lowest evaluated bid price" standard with "best value" procurement, allowing agencies to consider factors like reliability, maintainability, useful life, and delivery time alongside price

Repeals KRS 65.027, which required reciprocal preference for resident bidders by local governments

Exempts cities, urban-county governments, and consolidated local governments from competitive bidding requirements when purchasing law enforcement vehicles (with three quotes required) or products/services from disability rehabilitation programs, veterans' workshops, and qualifying nonprofit organizations

Allows local public agencies to make cooperative purchases using established discounts, quotes, formulas, or other pricing methods from Commonwealth agreements, not just fixed unit prices