| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R16216 RDS-D | |
| 2 | 2 | By: Hinojosa H.B. No. 5279 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to consideration of the compensation of a vendor's chief | |
| 10 | 10 | executive officer as an additional relevant factor in determining | |
| 11 | 11 | the best value for the state when awarding a state contract. | |
| 12 | 12 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 13 | 13 | SECTION 1. Subchapter B, Chapter 2155, Government Code, is | |
| 14 | 14 | amended by adding Section 2155.0745 to read as follows: | |
| 15 | 15 | Sec. 2155.0745. ADDITIONAL RELEVANT FACTORS: SALARY | |
| 16 | 16 | EQUALIZATION. In determining the best value for the state, an | |
| 17 | 17 | additional relevant factor a state agency shall consider is whether | |
| 18 | 18 | the vendor's chief executive officer receives total annual | |
| 19 | 19 | compensation from the vendor, including cash, equity, and other | |
| 20 | 20 | benefits, in an amount that is not more than 20 times the median | |
| 21 | 21 | annual compensation paid by the vendor to all full-time employees | |
| 22 | 22 | of the vendor. | |
| 23 | 23 | SECTION 2. The changes in law made by this Act apply only to | |
| 24 | 24 | a contract for which the request for bids or proposals or other | |
| 25 | 25 | applicable expressions of interest, if applicable, is made public | |
| 26 | 26 | on or after the effective date of this Act. | |
| 27 | 27 | SECTION 3. This Act takes effect September 1, 2025. |