STATE EMPLOYEE OWNED COMPANIES
Public Officer's Law, section 73(4)(a)(i), states that no State employee shall sell any goods or services having a value in excess of twenty-five dollars($25.00) to any state agency unless such goods and services are provided pursuant to an award or contract let after public notice (Contract Reporter) and competitive bidding. The State Ethic's Commission has interpreted competitive bids to mean sealed bids.
This section of the Law was put in place to ensure a fair, open and competitive process and to avoid the appearance of a conflict of interest or favoritism being given to agency employees or state employees in general.
Buffalo State College will only enter into an agreement to conduct business with a state employee owned company after advertising in the Contract Reporter and conducting formal sealed bids.