Bill > A07925

This bill aims to restore the oversight of certain contracts by the state comptroller. It amends the State Finance Law and the Education Law to provide the following key provisions: 1. It requires all state agency contracts exceeding $50,000 (or $85,000 for the Office of General Services) to be approved by the state comptroller before execution, except for certain centralized contracts. 2. It grants the State University of New York (SUNY) trustees the authority to make purchases, execute service and construction contracts, and contract for printing up to $50,000 without prior approval from other state agencies. 3. It provides similar authority to the City University of New York (CUNY) trustees for purchases, service contracts, and printing up to $50,000 without prior approval. 4. It repeals certain provisions related to the comptroller's oversight of SUNY and CUNY contracts, allowing these institutions more flexibility in their procurement processes. Overall, this bill aims to restore the comptroller's oversight of state agency contracts while granting SUNY and CUNY more autonomy in their procurement activities up to specified thresholds.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2021/A7925