Relating to the amount of an expenditure made by certain political subdivisions for which a competitive procurement method may be required.

Increased the monetary threshold for mandatory competitive bidding from $50,000 to $100,000 for school districts and municipalities purchasing goods and services.

Consolidated and reorganized the list of seven competitive procurement methods available for larger purchases, maintaining options like competitive bidding, sealed proposals, requests for proposals, interlocal contracts, reverse auctions, and political subdivision corporations.

Updated procurement rules for counties purchasing items from single suppliers and for historic preservation projects to align with the new $100,000 threshold.

Established September 1, 2025 as the effective date for all new procurement requirements under this bill.