FL S2386

Requires each state agency to exercise due diligence in collecting accounts receivable and report delinquent accounts to the Chief Financial Officer's collection agent within 120 days, with annual reporting to the Legislature on referred accounts, uncollected balances, and written-off claims beginning October 1, 2010

Increases state purchasing category thresholds (Category One from $15,000 to $20,000; Category Two from $25,000 to $35,000; Category Three from $50,000 to $65,000; Category Four from $150,000 to $195,000; Category Five from $250,000 to $325,000) and reorganizes competitive solicitation procedures for invitations to bid, requests for proposals, and invitations to negotiate

Requires state agencies to review and renegotiate existing contract renewals and reprocurements with the goal of reducing payments by at least 3 percent, with savings placed in reserve by the Executive Office of the Governor, and mandates contractor compliance with preferred-pricing clauses verified by annual affidavit

Authorizes the Chief Financial Officer to adopt rules requiring state payments be made by electronic means and expands authorization for state agencies, local governments, and the judicial branch to accept electronic funds transfers, while establishing uniform security safeguards for cardholder data

Appropriates $311,915 from the General Revenue Fund and authorizes five full-time positions for the Department of Financial Services; requires entities spending over $5 million in 2010-2011 fiscal year appropriations to give preference to Florida-based vendors that commit to maximizing use of state residents and products