HB 5279

Relating to consideration of the compensation of a vendor's chief executive officer as an additional relevant factor in determining the best value for the state when awarding a state contract.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

HB 5279 amends the state’s procurement law to require state agencies to consider the compensation of a vendor’s chief executive officer as an additional factor in determining the best value for awarding a contract. Specifically, the vendor’s CEO compensation cannot exceed 20 times the median annual salary of the company’s full-time employees. This provision applies to all state contracts issued after the bill's effective date.

Author (1)

Gina Hinojosa

Contact the Author

Rep. Gina Hinojosa

Capitol Phone:

(512) 463-0668

Capitol Office:

CAP 4S.2

E-Mail:

[email protected]

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