Okla. Admin. Code § 610:1-11-14

Current through Vol. 42, No. 4, November 1, 2024

Section 610:1-11-14 - Purchases in excess of $25,000

Purchases in excess of $25,000 must be reported to the Budget & Audit Committee. These purchases shall be made on the basis of one of the following processes:

(1) Formal Solicitation process.

(2) Alternatives to the formal bid process. Purchases may be made from purchase orders or purchase contracts or at a price equivalent to purchase order or purchase contracts that have been awarded to a vendor(s) on the basis of competitive bids by any of the following entities:

(A) The Office of Management and Enterprise Services;

(B) Colleges, universities, and other entities within the state system;

(C) General Services Administration; and

(D) Purchasing consortia.

Okla. Admin. Code § 610:1-11-14

Added at 20 Ok Reg 2149, eff 6-26-03; Amended at 23 Ok Reg 3038, eff 7-13-06; Amended at 25 Ok Reg 2589, eff 7-11-08

Amended by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022