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FISCAL NOTE
Senate Bill 290
Committee: Fiscal Responsibility and Economic DevelopmentSponsor: Senator Sam Givhan
Analyst: Riley Aaron Date: 05/10/2023
Senate Bill 290 as introduced increases the competitive bidding floor for public works contracts
from $50,000, under current law, to $100,000, as well as allowing for the solicitation and
submission of sealed bids. In addition, it authorizes those dollar amounts to be further increased
based on increases in Consumer Price Index. This bill could increase or decrease the purchase
price of goods and services procured for public work projects, depending on the difference in (1)
the cost of products procured under the provisions of this bill and (2) the cost otherwise
obtained under current law.