(a) It is unlawful for a county official to make a purchase with county funds in excess of thirty-five thousand dollars ($35,000), unless the method of purchasing prescribed under this chapter is followed.(b) This chapter does not apply to a purchase under thirty-five thousand dollars ($35,000) or to the purchase of commodities under § 14-22-106.(c)(1) Beginning January 1, 2025, and on each January 1 at subsequent five-year intervals, the amounts under subsections (a) and (b) of this section shall be adjusted to reflect the percentage increase in the Consumer Price Index for All Urban Consumers or its successor, as published by the United States Department of Labor for the five (5) years immediately preceding the percentage increase, and rounded to the nearest whole number.(2) Following a percentage increase under subdivision (c)(1) of this section, the Department of Finance and Administration shall provide each county and Arkansas Legislative Audit with the percentage increase and the corresponding updated amounts under this section.Amended by Act 2021, No. 435,§ 1, eff. 7/28/2021.Acts 1965 (1st Ex. Sess.), No. 52, § 1; 1975, No. 439, § 1; 1975, No. 617, § 1; 1985, No. ase and the corresponding updated amounts under this section.Amended by Act 2021, No. 435,§ 1, eff. 7/28/2021.Acts 1965 (1st Ex. Sess.), No. 52, § 1; 1975, No. 439, § 1; 1975, No. 617, § 1; 1985, No. 745, § 1; A.S.A. 1947, § 17-1601; Acts 1995, No. 431, § 1; 2003, No. 209, § 1; 2007, No. 249, § 1.
Arkansas Legal Code