Kentucky HB392 amends procurement laws for local public agencies, allowing certain purchases outside competitive bidding and modifying bidding.

Kentucky HB392 revises procurement laws for local public agencies, allowing local school districts to acquire supplies outside of price agreements with the Commonwealth if the supplies meet specifications and are purchased at a lower price. It modifies the bidding process, allowing competitive sealed bidding with reverse auctions and negotiations under certain conditions. The bill also adjusts the threshold for requiring newspaper discussions from $40,000 to $60,000 and modifies the criteria for awarding contracts based on the lowest bid price or best value.

Kentucky HB392 amends procurement laws for local public agencies, allowing certain purchases outside competitive bidding and modifying bidding.

Kentucky HB392 revises procurement laws for local public agencies, allowing local school districts to acquire supplies outside of price agreements with the Commonwealth if the supplies meet specifications and are purchased at a lower price. It modifies the bidding process, allowing competitive sealed bidding with reverse auctions and negotiations under certain conditions. The bill also adjusts the threshold for requiring newspaper discussions from $40,000 to $60,000 and modifies the criteria for awarding contracts based on the lowest bid price or best value.