Direct Purchases of Tangible Personal Property by Contractors (Watch)

Direct Purchases of Tangible Personal Property by Contractors (Watch)

HB 715 (Leek) and SB 1108 (Young) allow cities to authorize the use of its government certificate of entitlement by contractors for the direct purchase of tangible personal property that will become a part of the public works owned by the governmental entity. The bills clarify that cities must issue a formal letter of authorization to the contractor specifying the instances when the certificate may be used and which entity assumes the risk of damage or loss to the property. (Cook)