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Effective contracts - 62 Pa. Cons. Stat. § 543

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     § 543.  Effective contracts.
        (a)  General rule.--Irrespective of the type of contract, no
     contract shall be effective until executed by all necessary
     Commonwealth officials as provided by law.
        (b)  Certain contracts.--Those Statewide requirements
     contracts where the total dollar purchasing amount, based upon
     estimated quantities, is in excess of $1,000,000 shall not be
     effective unless first approved by the State Treasurer. The
     $1,000,000 amount shall be adjusted each year by the department
     to reflect the annual percentage change in the Composite
     Construction Cost Index of the United States Department of
     Commerce occurring in the one-year period ending December 31
     each year.

Last modified: November 27, 2007