New York S08303 raises the small purchase threshold for supplies, materials, or equipment contracts from $10,000 to $100,000 for the New York City.

New York S08303 amends the public authorities law to increase the small purchase threshold for contracts involving supplies, materials, or equipment from $10,000 to $100,000 for the New York City School Construction Authority. This change affects procurement processes for these items, allowing larger purchases to be made without additional oversight. The bill also specifies that contracts for public work exceeding $50,000 must be awarded to the lowest responsible bidder after sealed bidding. This act takes effect immediately upon enactment.

New York S08303 raises the small purchase threshold for supplies, materials, or equipment contracts from $10,000 to $100,000 for the New York City.

New York S08303 amends the public authorities law to increase the small purchase threshold for contracts involving supplies, materials, or equipment from $10,000 to $100,000 for the New York City School Construction Authority. This change affects procurement processes for these items, allowing larger purchases to be made without additional oversight. The bill also specifies that contracts for public work exceeding $50,000 must be awarded to the lowest responsible bidder after sealed bidding. This act takes effect immediately upon enactment.