HB 118 Summary

• Increases the threshold for governing authority purchases without competitive bidding from $5,000 to $25,000, while maintaining the $5,000 threshold for state agencies.

• Raises the threshold for governing authority purchases requiring only two competitive written bids (without advertising) from $75,000 to $100,000, while keeping the $75,000 threshold for state agencies.

• Adjusts the advertised bidding threshold for governing authorities from $75,000 to $100,000 for purchases requiring public notice and competitive bids.

• Updates related statutes including provisions for county purchase clerks and board of supervisors purchasing authority to reflect the new $25,000 threshold for governing authorities.

• Brings forward Sections 31-5-37 and 31-5-51 regarding contractor bonding and employment requirements for possible future amendment, with the bond threshold for governing authorities remaining at $25,000.