Senate Bill 100 Summary

• Increases the competitive bidding threshold for intermediate school districts and school districts from $20,959.00 to $22,386.00 for purchases of supplies, materials, and equipment.

• Establishes annual adjustment of the bidding threshold based on the consumer price index for the 12 months ending August 31, rounded to the nearest whole dollar.

• Exempts purchases through the state cooperative bulk purchasing program and food purchases under $100,000.00 from competitive bidding requirements.

• Authorizes intermediate school districts and school districts to adopt optional local policies giving preference to Michigan-based businesses in contract awards, consistent with federal law and excluding federally-funded contracts.

• Permits intermediate school districts and school districts to enter into swap, hedge, derivative, or similar financial agreements in connection with diesel fuel procurement.