(1) A procurement unit may cancel a solicitation if the procurement official determines that cancellation is in the best interests of the procurement unit.
(2) If a procurement unit cancels a solicitation:
(a) the procurement official shall explain in writing the reasons for the cancellation; and
(b) the procurement unit shall make the written explanation described in Subsection (2)(a) available to the public for a period of one year after the cancellation.