Increases spending authority for single source vendor contracts exempt from bidding procedures.
Mississippi HB492 amends Section 31-7-13 of the Mississippi Code to increase the spending authority for single source vendor contracts exempt from bidding procedures from $5,000 to $7,500. This change applies to purchases of commodities by state agencies and governing authorities. The bill also outlines various exemptions from competitive bidding requirements for different types of purchases and contracts, including those involving emergency purchases, certain set-asides, and specific types of equipment and services.
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