SB 914 - Additions & RevisionsEffective January 1, 2002

Contractual Dollar Thresholds

Before After

Informal < $100,000 Informal < $300,000Formal > $100,000 Formal > $300,000

Single Prime Option > $500k N/A

Bonds > $100,000 Bonds > $300,000 Contracts > $15,000 Contracts > $50,000

MBE > $100,000 MB State > $300,000 Informal > $100,000* *Public or Private w/State $$$ 10% goal applies but not all forms.

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