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FL S1706
Bill
AI Summary
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Defines "lease or lease-purchase of equipment" as an appropriations category and requires state agencies to include detailed information about vendor concession contracts in their legislative budget requests
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Prohibits state agencies from entering into contracts that pay liquidated damages, early termination fees, interest payments, or future-year offset payments without legislative authorization, with exemptions for the Department of Transportation, Department of Management Services, Agency for Health Care Administration, and Department of Environmental Protection under specified conditions
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Requires state agencies to notify the Governor and Legislature at least 30 days before executing contracts exceeding $10 million annually, requiring minimal state payments, authorizing third-party revenue collection, or requiring initial vendor expenditures without payment within 180 days
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Transfers section 287.0582 to 216.313 and requires all state contracts to identify their funding appropriation, include contingency statements about annual appropriations and deficit-based termination rights, be signed by agency heads for contracts exceeding threshold amounts, and require written acceptance of deliverables for contracts exceeding the Category Five threshold
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Prohibits state agencies from entering into equipment leases or deferred-payment purchases exceeding $500,000 without express legislative authorization in the General Appropriations Act or Legislative Budget Commission approval, effective July 1, 2010
Legislative Description
State Financial Matters [WPSC]
Last Action
Died in Messages
4/30/2010