Public purchasing; increase threshold for bidding to $15,000.00.

Mississippi's HB 714 raises the spending threshold for requiring competitive bidding on government purchases from $10,000 to $15,000. This means state agencies, local governments, and school districts can now make purchases under $15,000 without seeking competitive bids, while purchases between $15,000 and $75,000 must still obtain at least two competitive bids. The bill updates existing procurement rules to align with this new threshold and clarifies procedures for bid evaluation and documentation. It directly affects all public entities making routine purchases under the revised limit.