SB 5525-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Provides that competitive bidding procedures may be waived by the governing body of the municipality for purchases in which the purchase price may be best established by direct negotiation, and:  (1) The purchases are clearly and legitimately limited to a single source of supply;

     (2) the purchases involve special facilities or market conditions; or

     3) the municipality is purchasing insurance or bonds.

     Authorizes the governing body of a municipality to designate by resolution a person or persons who shall declare that an emergency situation exists for the purpose of waiving competitive bidding requirements and awarding all necessary contracts for purchases of goods and services on behalf of the municipality to address the emergency situation.