The act increases the cost threshold above which a controlled maintenance project of real property is deemed to be "capital renewal" (cost threshold) from $2 million to $4.7 million. The act also requires the department of personnel to adjust the cost threshold for inflation every 3 years beginning on January 1, 2029, and to publish the cost threshold on its website.
APPROVED by Governor April 29, 2024
EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)

Statutes affected:
Final Act (04/23/2024): 24-30-1301