Colorado Legislative Council Staff
NO FISCAL IMPACT
January 7, 1999
Steve Tammeus (866-2756)
TITLE: CONCERNING THE ELIGIBILITY CRITERIA FOR RESIDENT BIDDERS GIVEN BID PREFERENCE ON CONSTRUCTION CONTRACTS FOR PUBLIC PROJECTS.
Summary of Assessment
This bill revises the definition of "resident bidder", under statutes governing bidder preference for public project construction contracts, to include a bidder which maintains its principal place of business in a state or foreign country that does not require the bidder to maintain its principal place of business in that state or foreign country to qualify for a preference given to resident bidders in that state or foreign country. The bill will become effective 90 days after adjournment unless a referendum petition is filed.
This bill will not affect state or local government revenue or expenditures. Therefore, the bill is assessed as having no fiscal impact.
However, some state agencies and local governments currently require resident bidders to sign forms, under penalty of perjury, indicating compliance to state law. Those entities may be required to revise those forms and to conduct periodic investigations to ensure that resident bidders are in full compliance. If an unacceptable number of violators are discovered, the state and local governments may be required to enact more stringent measures to ensure compliance. This fiscal note cannot assess whether those additional measures, if any, may be absorbed within existing resources.
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