AR SB476

Amends Arkansas procurement laws to change terminology from "Arkansas purchasing" to "State procurement" laws throughout the state code.

Requires the State Procurement Director to submit quarterly reports to the Legislative Council or Joint Budget Committee detailing all cooperative purchasing agreements, including contractor names, procuring agencies, contact information, total costs with extensions, and descriptions of goods or services.

Establishes new reporting thresholds for service contracts: contracts with one or more individuals for regular full-time or part-time work must be reported if the total initial or projected amount (including amendments and extensions) is at least $100,000 for technical/general services or $50,000 for professional/consultant services.

Creates new sections requiring state agencies to use performance-based standards in service contracts, submit quarterly vendor performance reports for contracts of $25,000 or more, and ensure information technology plans are reviewed before executing IT contracts of $100,000 or more.

Makes intentional violation of state procurement laws a Class D felony and requires compliance reporting to the Department of Finance and Administration, effective August 1, 2015.