AN ACT INCREASING THE THRESHOLD FOR SEALED BIDDING ON CERTAIN MUNICIPAL CONTRACTS.

SB 701 raises the dollar threshold requiring competitive sealed bidding for municipal purchases of real or personal property, from $25,000 to $35,000. This change directly affects municipalities purchasing property, as they will no longer need to use sealed bidding for contracts under the new $35,000 limit. The bill amends Section 7-148v of the general statutes to implement this specific threshold increase. It focuses solely on streamlining procurement processes for smaller municipal contracts.