Section 1 Micro-purchase threshold for universities, independent research institutes, and non-profit research organizations
“(a) Definition
“(1) Procurements in general—Except as provided in paragraph (2), for purposes of this section, the micro-purchase threshold is $3,000.
“(2) Procurements involving universities, independent research institutes, and non-profit research organizations—For purposes of this section, the micro-purchase threshold for procurement activities administered under sections 6303 through 6305 of title 31, United States Code, by institutions of higher education (as defined in section 101(a) of the Higher Education Act of 1965 (20 U.S.C. 1001(a))), or related or affiliated nonprofit entities, or by nonprofit research organizations or independent research institutes is—
“(A) $10,000; or
“(B) such higher threshold as determined appropriate by the head of the relevant executive agency and consistent with clean audit findings under chapter 75 of title 31, United States Code, internal institutional risk assessment, or State law.”