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Who cares
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Sponsors
1 Co-sponsor
History
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1087
- Referred to finance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides that state contracts shall include a provision that allows the state to cancel the contract when the cost of the contract exceeds the original bid by more than ten percent
In Assembly Committee · Governmental Operations · Sponsor Herman D. Farrell
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7114
Title of bill
An act to amend the state finance law, the general municipal law and the public authorities law, in relation to contracts where costs exceed the bid by more than ten percent
Purpose
This bill would provide that state contracts shall include a provision that allows the state to cancel the contract when the cost of the contract exceeds the original bid by more than ten percent.
Summary of provisions
Section 1 - Amends the state finance law by adding a new section 169.
Section 2 - Amends the general municipal law by adding a new section 109-c.
Section 3 - Amends the public authorities law by adding a new section 2882.
Section 4 - Effective Date
Justification
This legislation would create additional accountability for entities which bid on state contracts as well as cost savings for state and local governments.
Legislative history
New bill
Fiscal implications
None
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.