FL H1251

Adds limited liability companies to the list of vendor types subject to disclosure and investigation requirements, requiring disclosure of all officers, directors, members, managers, and managing members.

Prohibits contracts with major procurements if any managing member (or officer, director, trustee, partner, or joint venturer) has been convicted of a felony in the preceding 10 years, unless exceptions apply such as pardon, restoration of civil rights, law-abiding conduct, or termination of relationship with the convicted individual.

Removes the requirement that all contracts exceeding $25,000 include liquidated damages provisions, replacing it with discretionary authority allowing the department to require such provisions when necessary to protect state interests.

Eliminates the cap that restricted minority retailer contracts to no more than 35 percent from any single type of minority person, while maintaining the 15 percent minority business enterprise retailer goal.

Creates a felony of the third degree for retailers who fail to remit funds to the department as required and restructures section 24.114 to clarify administrative and reporting requirements.