HB 5279
AN ACT relating to consideration of the compensation of a vendor's chief
House Bill
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to consideration of the compensation of a vendor's chief
Subject Areas
Bill Text
relating to consideration of the compensation of a vendor's chief executive officer as an additional relevant factor in determining the best value for the state when awarding a state contract. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter B, Chapter 2155, Government Code, is amended by adding Section 2155.0745 to read as follows: Sec. 2155.0745. ADDITIONAL RELEVANT FACTORS: SALARY EQUALIZATION. In determining the best value for the state, an additional relevant factor a state agency shall consider is whether the vendor's chief executive officer receives total annual compensation from the vendor, including cash, equity, and other benefits, in an amount that is not more than 20 times the median annual compensation paid by the vendor to all full-time employees SECTION 2. The changes in law made by this Act apply only to a contract for which the request for bids or proposals or other applicable expressions of interest, if applicable, is made public on or after the effective date of this Act. SECTION 3. This Act takes effect September 1, 2025.
Bill History
filed
Bill filed: AN ACT relating to consideration of the compensation of a vendor's chief
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