A 8826: Increases the small purchase threshold for purchase contracts for supplies, materials or equipment involving an estimated expenditure in excess of the New York city school construction authority from ten thousand dollars to one hundred thousand dollars.

  
  STATE OF NEW YORK ________________________________________________________________________ 8826 2025-2026 Regular Sessions  IN ASSEMBLY June 9, 2025 ___________ Introduced by M. of A. BENEDETTO -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to increasing the small purchase threshold for purchase contracts of the New York city school construction authority The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph a of subdivision 2 of section 1734 of the public 2 authorities law, as added by chapter 738 of the laws of 1988, is amended 3 to read as follows: 4 a. Except as otherwise provided in this section, all purchase 5 contracts for supplies, materials or equipment involving an estimated 6 expenditure in excess of [ten] one hundred thousand dollars and all 7 contracts for public work involving an estimated expenditure in excess 8 of fifty thousand dollars shall be awarded by the authority to the 9 lowest responsible bidder after obtaining sealed bids in the manner 10 hereinafter set forth. For purposes hereof, contracts for public work 11 shall exclude contracts for personal, engineering and architectural, or 12 professional services. 13 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13294-01-5