|Date Requested:February 14, 2005
Time Requested:03:24 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|The primary purpose of this legislation is to expand the resident vendor preference to a corporate vendor that maintains its headquarters or principle place of business within West Virginia, accounting for more than 50 percent of its revenues. The vendor’s bid must not exceed the lowest qualified bid from a non-resident vendor by more than two and one-half percent of the latter bid. The vendor has to certify the residency requirements of this subsection and make a written claim for this preference at the time the bid is submitted.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
The preference would not financially affect state government.
|The resident vendor preference must be requested by the respective vendor when submitting a bid to the Purchasing Division.|