Increases certain local public contract bid threshold.

This bill increases the threshold for local public contracts requiring competitive bidding from $17,500 to $22,000. Local governments (such as towns, cities, and counties) can now award contracts under $22,000 without public advertising, using a designated employee or purchasing agent. The Governor will adjust this threshold every five years for inflation to maintain its real value. This change simplifies procurement for smaller contracts while keeping oversight for larger purchases.