Bill Text: HI SB2843 | 2020 | Regular Session | Amended
Bill Title: Relating To Procurement.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2020-03-16 - This measure has been deleted from the meeting scheduled on Tuesday 03-17-20 9:10AM in conference room 309. [SB2843 Detail]
Download: Hawaii-2020-SB2843-Amended.html
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THE SENATE |
S.B. NO. |
2843 |
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THIRTIETH LEGISLATURE, 2020 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO PROCUREMENT.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 103D-709, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
"(e) The party initiating a proceeding falling within subsection (d) shall pay to the department of commerce and consumer affairs a cash or protest bond in the amount of:
(1) [$1,000 for a
contract with an estimated value of] One-half of one per cent of the
estimated value of the contract if the estimated value of the contract is
less than $500,000;
(2) [$2,000 for a
contract with an estimated value of] One per cent of the estimated value
of the contract if the estimated value of the contract is $500,000 or more,
but less than $1,000,000; or
(3) [One-half] Two
per cent of the estimated value of the contract if the estimated value of the
contract is $1,000,000 or more[; provided that in no event shall the
required amount of the cash or protest bond be more than $10,000].
If the initiating party prevails in the administrative proceeding, the cash or protest bond shall be returned to that party. If the initiating party does not prevail in the administrative proceeding, the cash or protest bond shall be deposited into the general fund."
SECTION 2. The comptroller of the department of accounting and general services, the superintendent of the department of education, and the director of the department of transportation shall each submit an annual report to the legislature on the number of protests and outcomes resulting from this change in valuation of protest bonds, no later than twenty days prior to the convening of the regular session.
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on January 1, 2050; provided that on July 1, 2025, section 1 of this Act shall be repealed and section 103D-709(e), Hawaii Revised Statutes, shall be reenacted in the form in which it read on the day before the effective date of this Act.
Report Title:
Procurement; Protest Bond
Description:
Changes the amounts to be posted for a protest bond from a flat fee for contracts under $1,000,000 to a percentage of the estimated value of the contract. Increases the percentage for contracts with estimated value of $1,000,000 or more. Repeals the cap on the maximum amount of the protest bond. Adds a sunset provision. Effective 1/1/2050. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
