MS HB1421

Increases the threshold for purchases exempt from competitive bidding from $5,000 to $10,000, allowing agencies and governing authorities to make purchases up to $10,000 without advertising or requesting competitive bids.

Raises the threshold for purchases requiring at least two competitive written bids (without advertising) from $5,000-$75,000 to $10,000-$75,000.

Requires reverse auctions to be the primary bidding method for purchases over $75,000, but allows agencies to opt out with approval from the Public Procurement Review Board and allows governing authorities to opt out with approval from their governing board, with written explanations required in both cases.

Increases the county purchase threshold requiring no requisition or purchase order from $2,000 to $5,000 and increases the county supervisor purchase exemption from $2,000 to $2,000 (maintains existing amount).

Updates corresponding fire protection system thresholds and other related purchasing provisions to reflect the new $10,000 baseline throughout Mississippi's public purchasing law.