A BILL TO BE ENTITLED
AN ACT to increase the expenditure benchmark for a special responsibility constituent institution for certain purchasing contracts.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 116‑31.10 reads as rewritten:
"§ 116‑31.10.  Powers of Board regarding certain purchasing contracts.
Notwithstanding G.S. 143‑53.1 or G.S. 143‑53(a)(2), the expenditure benchmark for a special responsibility constituent institution with regard to competitive bid procedures and the bid value benchmark shall be an amount not greater than one million dollars ($1,000,000). The Board shall set the benchmark for each institution from time to time. In setting an institution's benchmark in accordance with this section, the Board shall consider the institution's overall capabilities including staff resources, purchasing compliance reviews, and audit reports. The Board shall also consult with the Director of the Division of Purchase and Contract and the Director of the Budget prior to setting the benchmark."
SECTION 2.  This act becomes effective July 1, 2003.