Sec. 2261.255. CONTRACTS WITH VALUE EXCEEDING $5 MILLION. For each state agency contract for the purchase of goods or services that has a value exceeding $5 million, the contract management office or procurement director of the agency must:
(1) verify in writing that the solicitation and purchasing methods and contractor selection process comply with state law and agency policy; and
(2) submit to the governing body of the agency, or governing official of the agency if the agency is not governed by a multimember governing body, information on any potential issue that may arise in the solicitation, purchasing, or contractor selection process.
Added by Acts 2015, 84th Leg., R.S., Ch. 326 (S.B. 20), Sec. 18, eff. September 1, 2015.
Structure Texas Statutes
Subtitle F - State and Local Contracts and Fund Management
Chapter 2261 - State Contracting Standards and Oversight
Subchapter F. Ethics, Reporting, and Approval Requirements for Certain Contracts
Section 2261.251. Applicability of Subchapter
Section 2261.252. Disclosure of Potential Conflicts of Interest; Certain Contracts Prohibited
Section 2261.254. Contracts With Value Exceeding $1 Million
Section 2261.255. Contracts With Value Exceeding $5 Million
Section 2261.256. Accountability and Risk Analysis Procedure; Contract Management Handbook
Section 2261.257. Contract Database