Bill > HB627

This bill revises reporting requirements for government procurement contracts by lowering the reporting threshold from $250,000 to $200,000 and establishing a more structured reporting process. The Department of Administration will now be required to provide quarterly reports to the Legislative Finance Committee, detailing procurement solicitations, contracts, and contract modifications that meet or exceed $200,000. These reports must include specific information such as the purchasing agency's name, what is being procured, the portion of appropriation intended for payment, closing dates for solicitations, and other relevant details. Additionally, each governmental body will be required to submit this information to the department using specified information technology resources by specific dates each year (February 15, May 15, August 15, and November 15). The bill has staggered effective dates, with most provisions becoming effective on July 1, 2025, and Section 2 becoming effective on July 1, 2026, with Section 1 terminating on June 30, 2026. The primary goal is to enhance transparency and provide more comprehensive oversight of government procurement processes.

Government Affairs

https://bills.legmt.gov/#/laws/bill/2/LC3444