This bill amends sections of the Reissue Revised Statutes of Nebraska concerning contracts and bidding requirements for public entities, specifically joint entities and districts involved in electric generation and related facilities. Key changes include the adjustment of the bidding threshold from one hundred thousand dollars to seven hundred fifty thousand dollars for entities with gross revenues under five hundred million dollars, and from one million dollars to one million five hundred thousand dollars for those with higher revenues. Additionally, the bill introduces provisions for emergency situations, allowing joint entities to bypass standard bidding processes in cases of sudden damage or regulatory orders.

The bill also modifies advertising requirements for contracts, reducing the frequency of advertisements from three issues to just once in local newspapers, while maintaining the requirement for a twenty-day waiting period before contracts can be finalized. Other provisions allow for exceptions to the bidding process for contracts related to unique or technologically complex equipment, as well as for the purchase of replacement parts from original manufacturers. The original sections of the statutes being amended are repealed, streamlining the legal framework governing these contracts.

Statutes affected:
Introduced: 13-824.01, 13-824.02, 70-637