MCCB POLICIES

Section 8: Business Management

MISSISSIPPI COMMUNITY COLLEGE BOARD POLICIES AND PROCEDURES MANUAL

Title: Purchasing Policy

Initial Date of Adoption: October 19, 1995 Revision Date: August 16, 2002, April 20, 2007

Reference:

Code Number: 8.2

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PURCHASING POLICY

The Mississippi Community College Board (MCCB) will adhere to all state purchasing laws, rules and regulations in accordance with Mississippi Code Ann., Section 31-7-13, the Mississippi Agency Accounting Policies and Procedures Manual and the Mississippi Procurement Manual. All purchases will be made within MCCB’s approved operating budget using agency- approved purchase requisition forms.

Purchases of more than $5,000 but not more than $50,000

The MCCB does hereby authorize the Executive Director, or his designee, to accept the lowest and best competitive written bid when the purchasing process involves an expenditure of more than five thousand dollars ($5,000.00) but not more than fifty thousand dollars ($50,000.00). .

Purchases of more than $50,000

When advertising and receiving bids for the purchase of items which involve an expenditure of more than fifty thousand dollars ($50,000.00), the MCCB does hereby authorize the Purchasing and Records Technician and other designees of the Executive Directors as its official agents to receive bids, to open bids, and to record and tabulate the bid quotes in an open proceeding as advertised by law. They shall file with the MCCB a full written report at the next official board meeting for acceptance or rejection.