Bill Text: HI HB2287 | 2020 | Regular Session | Amended
Bill Title: Relating To Procurement.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-02-14 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Holt, Takayama excused (2). [HB2287 Detail]
Download: Hawaii-2020-HB2287-Amended.html
|
HOUSE OF REPRESENTATIVES |
H.B. NO. |
2287 |
|
THIRTIETH LEGISLATURE, 2020 |
H.D. 1 |
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO PROCUREMENT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 103D-709, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
(1) $1,000 for a contract with an estimated
value of less than $500,000;
(2) $2,000 for a contract with an estimated
value of $500,000 or more, but less than $1,000,000; or
(3) [One-half]
per cent of the estimated value of the contract if the estimated value of the
contract is $1,000,000 or more[; provided that in no event shall the
required amount of the cash or protest bond be more than $10,000].
If the initiating party prevails in the administrative proceeding, the cash or protest bond shall be returned to that party. If the initiating party does not prevail in the administrative proceeding, the cash or protest bond shall be deposited into the general fund."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on January 1, 2050.
Report Title:
Procurement; Cash or Protest Bond
Description:
Amends the cash or protest bond amount that a party protesting the solicitation or award of a competitive sealed bidding contract or competitive sealed proposal contract valued at $1,000,000 or more must pay to DCCA. Removes the $10,000 cap on the cash or protest bond amount for contracts valued at $1,000,000 or more. Takes effect on 1/1/2050. (HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
