Senate Bill 2947, also known as House Bill 2975, proposes amendments to Chapter 325 of the Private Acts of 1980, specifically focusing on the purchasing procedures for the Town of Bruceton. The bill deletes the existing Section 4.07 and replaces it with a new framework for centralized purchasing. Under the new provisions, any purchases or contracts exceeding $25,000 will require prior approval from the Board and must generally be subject to competitive bidding, with exceptions for minor items or urgent needs. The bill also stipulates that sealed bids must be invited for such expenditures, and contracts will be awarded to the lowest responsible bidder, while allowing the town to reject any and all bids.

Additionally, the bill outlines circumstances under which the Board may waive the bidding requirements, such as when there is only one source of supply or when it is deemed in the town's best interest, with the rationale for such waivers needing to be documented. It also mandates that bid records be kept for a minimum of two years and specifies that competitive bidding is not required for professional services or purchases from other governmental agencies. The act will take effect upon a two-thirds vote of the legislative body of the Town of Bruceton, with certain provisions becoming effective immediately for public welfare purposes.