STATEMENT TO

SENATE, No. 3968

with Assembly Floor Amendments

(Proposed by Assemblyman KARABINCHAK)

ADOPTED: JANAURY 10, 2022

      These floor amendments change the purchasing threshold from $250,000 to $150,000 beginning on the effective date of the bill, $200,000 beginning on January 1, 2023, and $250,000 beginning on January 1, 2024, and thereafter.