Bill > H1261

This bill requires agreements funded with state or federal financial assistance to include specific provisions, such as a clear scope of work, quantifiable deliverables, and financial consequences for non-performance, and mandates that any unobligated funds or overpayments must be refunded to the state agency. It also grants the Chief Financial Officer (CFO) the authority to audit and approve these agreements before they are executed, ensuring they meet legal requirements and protect state interests, with the CFO able to set thresholds for which agreements are audited and having 21 days for approval. The bill revises provisions related to the CFO's intergovernmental contract tracking system under the Transparency Florida Act, requiring state agencies to post detailed information about contracts, including names of contracting entities, procurement methods, dates, compensation, payments made, performance measures, and justifications for non-competitive solicitations, and to update this information within 30 days of any major modification or amendment. Furthermore, it mandates that certain contract managers responsible for contracts exceeding a specific dollar threshold must be certified, with the Department of Management Services (DMS) responsible for establishing the certification requirements, and directs the CFO to conduct post-execution audits of executed contract documents and contract manager records to ensure adequate internal controls and proper validation of goods and services, requiring agency heads to respond to audit findings.