SCH CD-COMMODITIES CONTRACTS

Amends the School Code. With regard to the requirement that all contracts for the purchase of supplies and materials or work involving an expenditure in excess of $25,000 or a lower amount as required by school board policy be awarded to the lowest responsible bidder, exempts contracts for the purchase of commodities with prices affected by the trade of commodities and derivatives on a United States commodities exchange, including, but not limited to, gasoline, diesel, and natural gas (rather than contracts for the purchase of natural gas when the cost is less than that offered by a public utility). Effective immediately.