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A07334 Summary:

BILL NOA07334
 
SAME ASSAME AS S07563
 
SPONSORBichotte Hermelyn
 
COSPNSRForrest
 
MLTSPNSR
 
Amd 311, NYC Chart
 
Increases the city of New York procurement limit for businesses owned by women and minorities from one million dollars to one million, five hundred thousand dollars.
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A07334 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A7334
 
SPONSOR: Bichotte Hermelyn

 
TITLE OF BILL:
 
An act to amend the New York city charter, in relation to the procure-
ment limit for businesses owned by women and minorities
 
 
PURPOSE OR GENERAL IDEA OF BILL::
 
To increase the city's discretionary spending threshold to $1.5 million
for non-competitive contracts and includes construction.
 
 
SUMMARY OF PROVISIONS::
 
Section 1: Paragraph 1 of subdivision i of section 311 of the New York
city charter, as amended by chapter 569 of the laws of 2022, would
allows for agencies to make procurements not exceeding one million, five
hundred thousand dollars of goods, services and construction from MWBEs
without a formal competitive process.
 
Section 2: Sets forth the effective date.
 
 
JUSTIFICATION:
 
This increase in discretionary spending by city agencies allows minority
and women-owned businesses the opportunity to bid on contracts without
the financial and laborious burdens that come with following a formal
bidding process.
 
 
LEGISLATIVE HISTORY::
 
New Bill
 
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS::
 
None.
 
 
EFFECTIVE DATE::
 
This act shall take effect immediately
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