RELATING TO PROCUREMENT.

Amends section 103D-709, Hawaii Revised Statutes, Administrative proceedings for review, to replace the protest bond amount for a contract with an estimated value of less than $500,000 from $1,000 to one per cent; to replace the protest bond amount for a contract with an estimated value of less than $1,000,000 from $2,000 to two and one-half per cent; to replace the protest bond amount when the estimated value of the contract is $1,000,000 or more from one-half per cent to four and one-half per cent; and to delete the $10,000 cap on the protest bond amount.