SB455 HFIN AMT                                                                                                                    McO

            The Committee on Finance moves to amend the title of the bill to read as follows:

            Com. Sub. For Com. Sub. For S. B. 455 -- “A BILL to amend and reenact §12-3A-6 of the Code of West Virginia, 1931, as amended; to amend and reenact §18B-1F-4 of said code; to amend and reenact §18B-5-4, §18B-5-6 and §18B-5-7 of said code; and to amend said code by adding thereto a new section, designated §18B-5-4a, all relating to public higher education procurement and payment generally; modifying receipting of certain electronic commerce purchases; increasing monetary threshold for certain required bids and surety; modifying notification of certain required bids; exempting purchases by certain higher education institutions from requirement to be encumbered; providing certain exemptions from certain design-build procurement requirements; increasing time period for certain required audits; authorizing higher education policy commission to issue certain revenue bonds; and modifying requirements for disposition of certain items and the reporting requirements therefor.”.