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Attorney General Opinion No. 83-184

While this Opinion concluded that a contract for services of a bank as custodian of investments was subject to the Central Purchasing Act, the Act has since been amended to provide an exemption from both the competitive bidding and requisition requirements of the Act for certain contracts for master custodian banks or trust companies, investment managers, other specific services contracts and professional services as defined in 18 O.S. §803. See 74 O.S. 85.7.

Purchasing Reference Guide

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