Section 2155.062 - Purchase Methods(a) In purchasing goods and services the comptroller may use, but is not limited to, the: (1) contract purchase procedure;(2) multiple award contract procedure, including under any schedules developed under Subchapter I;(3) open market purchase procedure; or(4) reverse auction procedure.(b) Chapter 2156 provides additional information on purchase methods.(c) Chapter 2157 provides additional information on purchase of automated information systems.(d) In this subchapter, "reverse auction procedure" means:(1) a real-time bidding process usually lasting less than one hour and taking place at a previously scheduled time and Internet location, in which multiple suppliers, anonymous to each other, submit bids to provide the designated goods or services; or(2) a bidding process usually lasting less than two weeks and taking place during a previously scheduled period and at a previously scheduled Internet location, in which multiple suppliers, anonymous to each other, submit bids to provide the designated goods or services.Tex. Gov't. Code § 2155.062
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1071,Sec. 9, eff. 9/1/2019.Amended By Acts 2005, 79th Leg., Ch. 1013, Sec. 1, eff. 9/1/2005.Amended by Acts 2001, 77th Leg., ch. 436, Sec. 1, eff. 5/28/2001; Acts 2001, 77th Leg., ch. 1422, Sec. 7.01, eff. 9/1/2001.Added by Acts 1995, 74th Leg., ch. 41, Sec. 1, eff. 9/1/1995.