By Hodge H.B. No. 3543
76R11906 WP-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to competitive bidding by certain mass transit
1-3 authorities.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 452.107(c), Transportation Code, is
1-6 amended to read as follows:
1-7 (c) The executive committee may authorize the negotiation of
1-8 a contract without competitive sealed bids or proposals if:
1-9 (1) the aggregate amount involved in the contract is
1-10 $25,000 [$15,000] or less;
1-11 (2) the contract is for construction for which not
1-12 more than one bid or proposal is received;
1-13 (3) the contract is for services or property for which
1-14 there is only one source or for which it is otherwise impracticable
1-15 to obtain competition;
1-16 (4) the contract is to respond to an emergency for
1-17 which the public exigency does not permit the delay incident to the
1-18 competitive process;
1-19 (5) the contract is for personal or professional
1-20 services or services for which competitive bidding is precluded by
1-21 law; or
1-22 (6) the contract, without regard to form and which may
1-23 include bonds, notes, loan agreements, or other obligations, is for
1-24 the purpose of borrowing money or is a part of a transaction
2-1 relating to the borrowing of money, including:
2-2 (A) a credit support agreement, such as a line
2-3 or letter of credit or other debt guaranty;
2-4 (B) a bond, note, debt sale or purchase,
2-5 trustee, paying agent, remarketing agent, indexing agent, or
2-6 similar agreement;
2-7 (C) an agreement with a securities dealer,
2-8 broker, or underwriter; and
2-9 (D) any other contract or agreement considered
2-10 by the executive committee to be appropriate or necessary in
2-11 support of the authority's financing activities.
2-12 SECTION 2. The importance of this legislation and the
2-13 crowded condition of the calendars in both houses create an
2-14 emergency and an imperative public necessity that the
2-15 constitutional rule requiring bills to be read on three several
2-16 days in each house be suspended, and this rule is hereby suspended,
2-17 and that this Act take effect and be in force from and after its
2-18 passage, and it is so enacted.