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AB-756 State contracts: financial statements.(1993-1994)

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Assembly Bill No. 756
CHAPTER 471

An act to amend Section 10160 of the Public Contract Code, relating to state contracts.

[ Filed with Secretary of State  September 27, 1993. Approved by Governor  September 25, 1993. ]

LEGISLATIVE COUNSEL'S DIGEST


AB 756, Honeycutt. State contracts: financial statements.
The State Contract Act requires prospective bidders on contracts exceeding $3,000,000 to complete financial ability and experience questionnaires and statements and exempts the Department of Transportation contracts from that requirement.
This bill would require bidders in any case to submit that information but only when requested, and would delete the exemption of the Department of Transportation. The bill would require prequalification to be required of all prospective bidders to a contract whenever it is required of any bidder to the contract.

The people of the State of California do enact as follows:


SECTION 1.

 Section 10160 of the Public Contract Code is amended to read:

10160.
 The department may require from prospective bidders answers to questions contained in a standard form of questionnaire and financial statement including a complete statement of the prospective bidder’s financial ability and experience in performing public works. When completed, the questionnaire and financial statement shall be verified under oath by the bidder in the manner in which pleadings in civil actions are verified.
Whenever prequalification is required of any bidder on a contract, it shall be required for all prospective bidders to that contract.