Texas Local Government Code 271.054 – Competitive Procurement Requirement
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Terms Used In Texas Local Government Code 271.054
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Before the governing body of an issuer may enter into a contract requiring an expenditure by or imposing an obligation or liability on the issuer, or on a subdivision of the issuer if the issuer is a county, of more than $50,000, the governing body must:
(1) submit the proposed contract to competitive procurement; or
(2) use an alternate method of project delivery authorized by Chapter 2269, Government Code.