summary
Introduced
01/24/2023
01/24/2023
In Committee
03/16/2023
03/16/2023
Crossed Over
02/13/2023
02/13/2023
Passed
03/16/2023
03/16/2023
Dead
Signed/Enacted/Adopted
03/30/2023
03/30/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT RELATING TO PROCUREMENT; PROVIDING AN EXCEPTION FROM THE PROCUREMENT CODE FOR MULTI-TERM CONTRACTS FOR PROFESSIONAL SERVICES THAT INVOLVE A REGIONAL WATER PROJECT WITH AN ESTIMATED COST OF MORE THAN FIVE HUNDRED MILLION DOLLARS ($500,000,000).
AI Summary
This bill provides an exception to the procurement code for multi-term contracts for professional services related to a regional water project with an estimated cost of more than $500 million. It allows such contracts to exceed the typical four-year limit and last for the duration of the project, including a subsequent warranty period, with approval from the Secretary of Finance and Administration. This exception is intended to facilitate the procurement process for this large-scale regional water infrastructure project.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Signed by Governor - Chapter 40 - Mar. 30 (on 03/30/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=200&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/final/SB0200.pdf |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0200.pdf |
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