Requires State Treasurer, in consultation with State Comptroller, to promulgate rules and regulations concerning best practices for awarding independent State authority contracts.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires the State Treasurer, working with the State Comptroller, to create rules and regulations for how independent State authorities should award contracts. These rules are intended to ensure best practices are followed when procuring goods and services. The bill outlines specific criteria for evaluating bids and ensuring a fair and transparent procurement process, while also establishing exceptions for certain situations, such as emergencies or sole-source contracts.
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