What does Texas HB4748 do?
HB 4748 fundamentally restructures state procurement by codifying a two-step "Multiple Award Contract" (MAC) process, effective immediately. Vendors holding state contracts for goods and general services must now prepare for secondary competitive solicitations ("mini-bids") to secure actual purchase orders, as a master contract award no longer guarantees revenue but merely grants a "license to hunt. " Implementation Timeline Effective Date: June 20, 2025 (Immediate effect due to supermajority vote).