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Current as of March 28, 2024 | Updated by FindLaw Staff
(a) The State Procurement Director shall compile a monthly report of all executed contracts for services that have a total initial contract amount or a total projected contract amount, including any amendments or possible extensions, of at least twenty-five thousand dollars ($25,000) but less than an annual contract amount of fifty thousand dollars ($50,000) in any one (1) contract year or a total projected contract amount, including any amendments or possible extensions, of three hundred fifty thousand dollars ($350,000).
(b) A contract that is procured by a state agency that has a state agency procurement official or procurement authority under a delegation order is subject to the reporting requirements under this section.
(c) The State Procurement Director shall adopt rules to:
(1) Prescribe a cover sheet for the report required under this section that sorts and identifies contracts within the report that may be candidates for review;
(2) Create instructions for completing the cover sheet prescribed under subdivision (c)(1) of this section; and
(3) Provide for the identification of any contracts included in the report that may need to be reviewed under § 19-11-265.
(d) It is a violation of state procurement laws, Arkansas Code Title 19, Chapter 11, for a state agency official to procure services in an incremental or split purchase arrangement to avoid the reporting requirements of this section.
Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-11-274. Reporting requirements - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-11-274/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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