Relates to the definition of prevailing market price and to preferred source subcontracts; authorizes a preferred source to subcontract an incidental portion of a contract to a vendor that is or is not a preferred source, provided that such subcontract does not diminish bona fide employment opportunities for persons who could otherwise be new clients of an entity previously accorded preferred source status.
STATE OF NEW YORK
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5096--C
2017-2018 Regular Sessions
IN SENATE
March 7, 2017
___________
Introduced by Sens. YOUNG, BOYLE, GRIFFO, HAMILTON, HELMING, MARCHIONE,
ORTT, PHILLIPS, SEWARD -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance -- recommitted to
the Committee on Finance in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee --
reported favorably from said committee and committed to the Committee
on Rules -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT to amend the state finance law, in relation to the definition of
prevailing market price and in relation to preferred source subcon-
tracts
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 6 of section 162 of the state finance law is
2 amended by adding a new paragraph g to read as follows:
3 g. For the purposes of this subdivision only, "prevailing market
4 price" shall mean the average price at which vendors of the same or
5 similar product or service regularly engaged in the business of selling
6 such product or service offers to sell such product or service under
7 similar terms in the same market.
8 § 2. Section 162 of the state finance law is amended by adding a new
9 subdivision 6-a to read as follows:
10 6-a. Preferred source subcontracts. Pursuant to guidelines established
11 by the state procurement council, a preferred source may subcontract an
12 incidental portion of a contract to a vendor that is or is not a
13 preferred source, provided that such subcontract does not diminish bona
14 fide employment opportunities for persons who could otherwise be new
15 clients of an entity previously accorded preferred source status. Such
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10450-12-8
S. 5096--C 2
1 subcontract shall be integral to the service being delivered by the
2 providing preferred source agency.
3 § 3. This act shall take effect on the first of January next succeed-
4 ing the date on which it shall have become a law.
