Bill Text: MS HB698 | 2019 | Regular Session | Enrolled
Bill Title: Construction contracts; allow public entities to allocate additional funds to project budget.
Spectrum: Bipartisan Bill
Status: (Passed) 2019-04-16 - Approved by Governor [HB698 Detail]
Download: Mississippi-2019-HB698-Enrolled.html
MISSISSIPPI LEGISLATURE
2019 Regular Session
To: Public Property
By: Representatives Weathersby, Dixon
House Bill 698
(As Sent to Governor)
AN ACT TO CREATE NEW SECTION 31-5-39, MISSISSIPPI CODE OF 1972, TO ALLOW PUBLIC ENTITIES TO ALLOCATE ADDITIONAL FUNDS TO A PROJECT COST ESTIMATE IN ORDER TO ALLOW AN AWARD TO THE LOWEST AND BEST BIDDER WHILE MAINTAINING THE CURRENT LIMITATION ON NEGOTIATION AUTHORITY; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The following shall be codified as Section 31-5-39, Mississippi Code of 1972:
31-5-39. On or before the date and time established to receive bids for any contract related to the construction of any building, highway, road, bridge or other public work or improvement by the State of Mississippi, its agencies, departments, institutions, or instrumentalities of the state or political subdivisions of the state, such entity shall establish a cost estimate for the project. The cost estimate shall reflect the total amount of funds allocated to the project, including the specific amount allocated for construction. Additional funds may be allocated to a project at any time, including for purposes of awarding a contract to the lowest and best bidder. Additional funds may not be allocated after the date and time established for the receipt of bids for the purpose of increasing negotiation authority.
SECTION 2. This act shall take effect and be in force from and after its passage.
