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Texas Government Code - GOV'T § 2155.085. Reverse Auction Procedure

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The comptroller shall:

(1) purchase goods or services using the reverse auction procedure whenever:

(A) the procedure provides the best value to the state;  or

(B) all purchasing methods provide equal value to the state;

(2) offer historically underutilized businesses assistance and training relating to the reverse auction procedure;  and

(3) advise historically underutilized businesses on contracts available using the reverse auction procedure.

(b) The comptroller shall set a goal of purchasing at least 20 percent of the dollar value of goods or services purchased by the comptroller using the reverse auction procedure.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2155.085. Reverse Auction Procedure - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2155-085/

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