Bill Text: TX HB5184 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the contracts of certain regional transportation authorities that are required to be competitively bid.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-04-26 - Left pending in committee [HB5184 Detail]
Download: Texas-2023-HB5184-Introduced.html
88R13197 DRS-F | ||
By: Romero, Jr. | H.B. No. 5184 |
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relating to the contracts of certain regional transportation | ||
authorities that are required to be competitively bid. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 452.107(c), Transportation Code, is | ||
amended to read as follows: | ||
(c) The executive committee may authorize the negotiation | ||
of a contract without competitive sealed bids or proposals if: | ||
(1) the aggregate amount involved in the contract is | ||
$250,000 [ |
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(2) the contract is for construction for which not | ||
more than one bid or proposal is received; | ||
(3) the contract is for services or property for which | ||
there is only one source or for which it is otherwise impracticable | ||
to obtain competition; | ||
(4) the contract is to respond to an emergency for | ||
which the public exigency does not permit the delay incident to the | ||
competitive process; | ||
(5) the contract is for personal or professional | ||
services or services for which competitive bidding is precluded by | ||
law; or | ||
(6) the contract, without regard to form and which may | ||
include bonds, notes, loan agreements, or other obligations, is for | ||
the purpose of borrowing money or is a part of a transaction | ||
relating to the borrowing of money, including: | ||
(A) a credit support agreement, such as a line or | ||
letter of credit or other debt guaranty; | ||
(B) a bond, note, debt sale or purchase, trustee, | ||
paying agent, remarketing agent, indexing agent, or similar | ||
agreement; | ||
(C) an agreement with a securities dealer or | ||
investment adviser, broker, or underwriter; and | ||
(D) any other contract or agreement considered by | ||
the executive committee to be appropriate or necessary in support | ||
of the authority's financing activities. | ||
SECTION 2. The change in law made by this Act applies only | ||
to a contract for which a regional transportation authority first | ||
advertises or otherwise solicits bids or proposals on or after the | ||
effective date of this Act. | ||
SECTION 3. This Act takes effect September 1, 2023. |