The proposed legislation, General Assembly Raised Bill No. 1184, aims to increase the threshold for sealed bidding on municipal contracts for the purchase of real and personal property. Specifically, it seeks to amend subsection (a) of section 7-148v of the general statutes by replacing the current threshold of twenty-five thousand dollars with a new threshold of fifty thousand dollars. This change will allow municipalities to establish requirements for competitive bidding while exempting contracts or purchases valued at fifty thousand dollars or less from the sealed bidding requirement.

The bill stipulates that municipalities may enact ordinances to set these bidding requirements, and it clarifies that this amendment will not invalidate any existing ordinances established prior to October 1, 1989. The effective date for this change is set for October 1, 2025. Overall, the intent of the bill is to streamline the bidding process for smaller municipal contracts, thereby potentially increasing efficiency in local government procurement.