Procurement - Real Estate Advisory Committee and Property Acquisition and Lease Requirements

Summary

The bill creates a Real Estate Advisory Committee within the Department of General Services to evaluate major state real‑estate transactions. It requires agencies to submit detailed cost‑benefit analyses and other documentation before the Board of Public Works can approve purchases or leases over $500,000 per year. The committee must issue annual reports and make its data publicly available.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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