SB 901 - This act allows the Commissioner of Administration to waive competitive bid and competitive proposal requirements for state purchasing contracts and expedite the process when the contract is under 10 million dollars, the duration is under 12 months, and waiving the requirements would save the state 5% or more on the contract. Notice shall be provided and information relating to the contract shall be given to the auditor, the minority and majority leadership of the General Assembly, and the chair of the appropriations and budget committees 30 days before signing the contract. Such contracts shall not be extended unless necessary to afford adequate time for carrying out the competitive bid process. The Commissioner of Administration shall conduct and submit an internal audit documenting cost savings and losses by January 1, 2016. CHRIS HOGERTY