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A BILL TO BE ENTITLED
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AN ACT
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relating to consideration of the compensation of a vendor's chief |
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executive officer as an additional relevant factor in determining |
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the best value for the state when awarding a state contract. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 2155, Government Code, is |
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amended by adding Section 2155.0745 to read as follows: |
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Sec. 2155.0745. ADDITIONAL RELEVANT FACTORS: SALARY |
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EQUALIZATION. In determining the best value for the state, an |
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additional relevant factor a state agency shall consider is whether |
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the vendor's chief executive officer receives total annual |
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compensation from the vendor, including cash, equity, and other |
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benefits, in an amount that is not more than 20 times the median |
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annual compensation paid by the vendor to all full-time employees |
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of the vendor. |
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SECTION 2. The changes in law made by this Act apply only to |
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a contract for which the request for bids or proposals or other |
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applicable expressions of interest, if applicable, is made public |
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on or after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2025. |