Texas HB1998 modifies procurement requirements for certain political subdivisions, lowering the threshold for competitive procurement and introducing.

Texas HB1998 amends procurement laws for political subdivisions, lowering the expenditure threshold for competitive procurement from $100,000 to $50,000. It mandates that contracts exceeding $50,000 require competitive bidding or an alternate procurement method. Counties and municipalities must use specific procurement methods for contracts over $50,000, including competitive bidding, reverse auctions, or other methods outlined in Chapter 2269 of the Government Code.

Texas HB1998 modifies procurement requirements for certain political subdivisions, lowering the threshold for competitive procurement and introducing.

Texas HB1998 amends procurement laws for political subdivisions, lowering the expenditure threshold for competitive procurement from $100,000 to $50,000. It mandates that contracts exceeding $50,000 require competitive bidding or an alternate procurement method. Counties and municipalities must use specific procurement methods for contracts over $50,000, including competitive bidding, reverse auctions, or other methods outlined in Chapter 2269 of the Government Code.