H366 - Regulatory Reform Act of 2021. (SL 2021-117)

Overview: Section 1 of S.L. 2021-117 raises the dollar threshold for contracts exempted from the conflict-of-interest prohibition for public employees from $40,000 to $60,000 for goods and services that are not medically related. This section also increases the municipal population limits from 15,000 to 20,000.

This section became effective August 23, 2021, and applies to contracts executed on or after that date.