FL H1491

Prohibits state agencies from entering into contracts that require payment of liquidated damages, early termination fees, interest charges, or future-year payments to cover prior-year shortfalls without express legislative authorization.

Requires executive and judicial branch officials to notify the Governor and Legislature at least 30 days before entering contracts exceeding $10 million annually, authorizing expenditures in anticipation of revenues, or delaying payment more than 180 days after expenditure.

Mandates all state contracts identify the specific appropriation funding them and include contingency statements regarding legislative appropriation and deficit-based termination rights; contracts exceeding Category Five threshold amounts must require written acceptance or rejection of deliverables.

Prohibits agencies from entering leases or lease-purchase agreements exceeding $500,000 or master equipment financing agreements over $500,000 without express legislative authorization in the appropriations act.

Requires outsourcing contracts to disclose contractor executive compensation and prohibit automatic salary increases for contracted employees without agency approval, with annual reporting to the Legislature on all such requests.