SRC-TJG S.B. 761 78(R) BILL ANALYSIS Senate Research Center S.B. 761 78R5247 QS-FBy: Estes Natural Resources 3/7/2003 As Filed DIGEST AND PURPOSE The Veterans Land Board (VLB) is allowed to spend VLB funds on contracts to make improvements on VLB-owned land in order to repair or prepare land for sale to a veteran. Currently, VLB must put out for bid any contract over $10,000. However, the General Land Office, and other state agencies have a $25,000 limit before those agencies must put a contract out for bid. As proposed, S.B. 761 increases VLB's limit to $25,000 before a contract must be put out for bid. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 161.175(c), Natural Resources Code, to increase, from $10,000 to $25,000, the maximum amount a contract awarded by the Vereran's Land Board can be without soliciting or obtaining competitive bids. SECTION 2. Effective date: upon passage or September 1, 2003.