By Cain S.B. No. 1599
76R3449 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 for goods or $100,000 or less for
1-11 services;
1-12 (2) the contract is for construction for which not
1-13 more than one bid or proposal is received;
1-14 (3) the contract is for services or property for which
1-15 there is only one source or for which it is otherwise impracticable
1-16 to obtain competition;
1-17 (4) the contract is to respond to an emergency for
1-18 which the public exigency does not permit the delay incident to the
1-19 competitive process;
1-20 (5) the contract is for personal or professional
1-21 services or services for which competitive bidding is precluded by
1-22 law; or
1-23 (6) the contract, without regard to form and which may
1-24 include bonds, notes, loan agreements, or other obligations, is for
2-1 the purpose of borrowing money or is a part of a transaction
2-2 relating to the borrowing of money, including:
2-3 (A) a credit support agreement, such as a line
2-4 or letter of credit or other debt guaranty;
2-5 (B) a bond, note, debt sale or purchase,
2-6 trustee, paying agent, remarketing agent, indexing agent, or
2-7 similar agreement;
2-8 (C) an agreement with a securities dealer,
2-9 broker, or underwriter; and
2-10 (D) any other contract or agreement considered
2-11 by the executive committee to be appropriate or necessary in
2-12 support of the authority's financing activities.
2-13 SECTION 2. The importance of this legislation and the
2-14 crowded condition of the calendars in both houses create an
2-15 emergency and an imperative public necessity that the
2-16 constitutional rule requiring bills to be read on three several
2-17 days in each house be suspended, and this rule is hereby suspended,
2-18 and that this Act take effect and be in force from and after its
2-19 passage, and it is so enacted.