| PRINTER'S NO. 772 |
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. | 742 | Session of 2013 |
INTRODUCED BY LEACH, SCHWANK AND FONTANA, MARCH 26, 2013
REFERRED TO FINANCE, MARCH 26, 2013
AN ACT
1Amending the act of December 18, 1984 (P.L.1005, No.205),
2entitled, as amended, "An act mandating actuarial funding
3standards for all municipal pension systems; establishing a
4recovery program for municipal pension systems determined to
5be financially distressed; providing for the distribution of
6the tax on the premiums of foreign fire insurance companies;
7and making repeals," further providing for definitions and
8for procurement of professional services contracts.
9The General Assembly of the Commonwealth of Pennsylvania
10hereby enacts as follows:
11Section 1. The definition of "professional service contract"
12in section 701-A of the act of December 18, 1984 (P.L.1005,
13No.205), known as the Municipal Pension Plan Funding Standard
14and Recovery Act, added September 18, 2009 (P.L.396, No.44), is
15amended to read:
16Section 701-A. Definitions.
17The following words and phrases when used in this chapter
18shall have the meanings given to them in this section unless the
19context clearly indicates otherwise:
20* * *
21"Professional services contract." A contract to which [the]
1a municipal pension system having 100 or more active members is
2a party that is:
3(1) for the purchase or provision of professional
4services, including investment services, legal services, real
5estate services and other consulting services; and
6(2) not subject to a requirement that the lowest bid be
7accepted.
8Section 2. Section 702-A(a) of the act, added September 18,
92009 (P.L.396, No.44), is amended to read:
10Section 702-A. Procurement for professional services contracts.
11(a) Procedures.--Each municipal pension system having 100 or
12more active members, including the Pennsylvania Municipal
13Retirement System, shall develop procedures to select the most
14qualified person to enter into a professional services contract.
15The procedures shall ensure that the availability of a
16professional services contract is advertised to potential
17participants in a timely and efficient manner. Procedures shall
18include applications and disclosure forms to be used to submit a
19proposal for review and to receive the award of a professional
20services contract.
21* * *
22Section 3. This act shall take effect in 60 days.