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NY A09612

Bill

Official Source

Status

Introduced

5/12/2014

Primary Sponsor

Nily Rozic

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends the Facilities Development Corporation Act to raise the financial threshold for mandatory public bidding of construction contracts from $40,000 to $80,000
  • Allows the corporation's directors to enter construction contracts without public bidding when the estimated expense is $80,000 or less
  • Takes effect immediately upon enactment
  • Applies to contracts governed under New York State Finance Law sections 136, 139, and 140

Legislative Description

Increases the threshold amount for the requirement for public bidding of construction contracts let by the facilities development corporation.

Last Action

substituted by s6981

6/17/2014

Committee Referrals

Rules6/2/2014
Ways and Means5/20/2014
Corporations, Authorities and Commissions5/12/2014

Full Bill Text

No bill text available