The Authority shall be exempted from any requirement related to the public auction or bidding for the adjudication of construction, services, purchase, or any other type of contracts when it is necessary or convenient to comply with its purposes and as authorized by the Board in each case, through a resolution to such effect. Any of said resolutions shall establish the circumstances that justify the exemption of the Authority from the public bidding requirements. The Authority shall establish through regulations, all the rules and procedures that are needed for the adequate use of its funds and resources, which shall comply with the parameters of sound administration.
The Authority may use the construction methodology known as construction management, or construction manager, as constructor, or any variation thereof in the contracting for any of its construction projects. The Authority may issue all the regulations, rules, administrative rulings, or circular letters it deems necessary to implement the contracting of such contracting [sic] methodology and its uses.
History —Sept. 2, 2000, No. 351, § 6.05; Oct. 4, 2001, No. 142, § 32.