Small purchase procurements

(a) The CPO may establish a streamlined process for entering into contracts for goods and services not exceeding $100,000. The process shall set forth: (1) Requirements for basic competition, including solicitation of contracts or orders from multiple vendors; (2) A noncompetitive process for entering into contracts under a dollar threshold established by the CPO not to exceed $10,000; and (3) Requirements that purchases be made transparent. (a-1) The Tax Revision Commission may establish a streamlined noncompetitive process for entering into contracts for goods and services not exceeding $40,000. (b) Procurement requirements shall not be parceled, split, divided, or purchased over a period of time to avoid the $100,000 limitation of subsection (a) of this section or the $40,000 limitation of subsection (a-1) of this section. (c) The CPO shall implement standards to monitor small purchase procedures to ensure compliance with applicable laws, rules, and policies.