SB 127 Summary

• Increases the threshold for public construction contracts subject to competitive bidding requirements from an unspecified amount to contracts exceeding $50,000.

• Extends the time period for taxpayers and unsuccessful bidders to file lawsuits challenging contract violations from 10 days to 15 business days after contract execution.

• Adds criminal penalties for willful violations of the Public Competitive Bidding Act, making violations a felony punishable by up to 2 years imprisonment and/or fines up to $1,000.

• Expands the definition of "public construction contract" to include agreements where private entities perform improvements or construction that are later transferred to a public agency, funded through pledged revenues or toll charges.

• Effective date set for November 1, 2011.