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S08303 Summary:

BILL NOS08303
 
SAME ASNo Same As
 
SPONSORCOMRIE
 
COSPNSR
 
MLTSPNSR
 
Amd §1734, Pub Auth L
 
Increases the small purchase threshold for purchase contracts for supplies, materials or equipment involving an estimated expenditure in excess of the New York city school construction authority from ten thousand dollars to one hundred thousand dollars.
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S08303 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8303
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      May 30, 2025
                                       ___________
 
        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Procurement and Contracts
 
        AN ACT to amend the public authorities law, in  relation  to  increasing
          the  small  purchase  threshold for purchase contracts of the New York
          city school construction authority

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Paragraph a of subdivision 2 of section 1734 of the public
     2  authorities law, as added by chapter 738 of the laws of 1988, is amended
     3  to read as follows:
     4    a.  Except  as  otherwise  provided  in  this  section,  all  purchase
     5  contracts  for  supplies,  materials or equipment involving an estimated
     6  expenditure in excess of [ten] one  hundred  thousand  dollars  and  all
     7  contracts  for  public work involving an estimated expenditure in excess
     8  of fifty thousand dollars shall be  awarded  by  the  authority  to  the
     9  lowest  responsible  bidder  after  obtaining  sealed bids in the manner
    10  hereinafter set forth. For purposes hereof, contracts  for  public  work
    11  shall  exclude contracts for personal, engineering and architectural, or
    12  professional services.
    13    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13294-01-5
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