Bill > HB194

This bill requires state agencies to provide detailed specifications for participating in a reverse auction, which is a type of bidding process where vendors competitively lower their prices in real-time. Specifically, the bill mandates that each state agency must publish comprehensive specifications on its website for 30 days before the reverse auction and publish these specifications in a local newspaper once a week for three consecutive weeks. The specifications must clearly outline what potential vendors need to know to participate in the auction. The bill applies to purchases over $75,000 and aims to increase transparency in the state's procurement process by ensuring that potential bidders have ample time and information to prepare their proposals. If a state agency determines that a reverse auction is not in the best interest of the state, they must get approval from the Public Procurement Review Board and provide a detailed explanation of why an alternative bidding method would be more appropriate. The bill will take effect on July 1, 2025, giving state agencies time to prepare for the new requirements.

Government Affairs

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0194.xml