From the Vice President for Finance and Management
Posted: Thursday, March 16, 2023Immediate Changes to Thresholds of Contract Values that Require State Comptroller Review and Approval
On February 27, 2023, the New York State Legislature passed Bill No. A00624 / S02219, which was signed into law as Chapter 17 of the Laws of 2023 by Governor Hochul on March 3, 2023.
On March 13, 2023, SUNY provided campuses with information about this new procurement legislation that SUNY must follow beginning Friday, March 17, 2023. On this date, as a SUNY campus, we will be subject to the thresholds and approach outlined below.
Threshold Changes for Contracts
Effective March 17, 2023, and until further notice, SUNY state-funded contracts with the following monetary thresholds must be sent to the offices of the Attorney General (OAG) and the State Comptroller (OSC) by the Procurement Office for review and approval before implementation:
All contracts (informally or formally procured) for goods and services of
- $75,000 or more (was $250,000 previously);
- all purchases using an Office of General Services (OGS) centralized contract for $200,000 or more (no OAG/OSC review required previously).
What does this mean for Buffalo State?
The New York State–mandated reduction in OAG/OSC review contract thresholds for all New York State agencies means that the lead time to implement any contracts of $75,000 or more ($200,00 for OGS contracts) will most likely increase by about three months. This lead time does not include departmental, campus, or legal review or approval.
What is the impact on daily operations?
Departments must be sure to plan three or more months in advance for any anticipated contract purchases. This will allow for the increase in OAG/OSC review and approval time for contracts to be implemented. Please contact Steve Olsen, director of contract management, or Kristy Mediak, senior director of procurement, with any questions about the new contract process.
