PUBLIC BUILDING COMMISSION

Amends the Public Building Commission Act. Allows a public building commission in a municipality with 500,000 inhabitants or more to lease property from a municipal corporation and then lease back the property to the municipal corporation. Increases various relocation assistance payments paid in place of actual moving expenses to a person displaced by a public building commission project. Increases to $10,000 (now, $5,000) the minimum dollar amount of contracts that must be let for open competitive bidding. Requires public advertisement of contracts let for open competitive bidding at least once (now, at least once in each week for 3 consecutive weeks prior to the opening of bids) in a daily newspaper of general circulation in the county where the commission is located. Provides an emergency situation exception to the publication requirement for contracts subject to open competitive bidding. Requires all bids to be open to public inspection after an award or final selection has been made (now, for a period of at least 48 hours before an award is made). Deletes a requirement that a copy of every contract entered into by the public building commission shall be executed in duplicate.