Texas Government Code 2261.255 – Contracts With Value Exceeding $5 Million
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Government Code 2261.255
- Contract: A legal written agreement that becomes binding when signed.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
For each state agency contract for the purchase of goods or services that has a value exceeding $5 million, the contract management office or procurement director of the agency must:
(1) verify in writing that the solicitation and purchasing methods and contractor selection process comply with state law and agency policy; and
(2) submit to the governing body of the agency, or governing official of the agency if the agency is not governed by a multimember governing body, information on any potential issue that may arise in the solicitation, purchasing, or contractor selection process.