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Bill > S08303


NY S08303

NY S08303
Increases the small purchase threshold for purchase contracts for supplies, materials or equipment involving an estimated expenditure in excess of the New York city school construction authority from ten thousand dollars to one hundred thousand dollars.


summary

Introduced
05/30/2025
In Committee
05/30/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the public authorities law, in relation to increasing the small purchase threshold for purchase contracts of the New York city school construction authority

AI Summary

This bill amends the Public Authorities Law to increase the small purchase threshold for the New York City School Construction Authority (SCA) from $10,000 to $100,000. Currently, the SCA is required to obtain sealed bids and award contracts to the lowest responsible bidder for purchase contracts of supplies, materials, or equipment that exceed $10,000. The proposed change would raise this threshold to $100,000, which means the SCA would have more flexibility in making purchases under $100,000 without going through the formal sealed bidding process. The bill does not change the existing rule for public work contracts, which remain at a $50,000 threshold. By increasing the small purchase threshold, the bill aims to potentially reduce administrative burden and streamline procurement processes for the SCA while maintaining competitive bidding requirements for larger purchases. The amendment takes effect immediately upon passage.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

REFERRED TO PROCUREMENT AND CONTRACTS (on 05/30/2025)

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