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MS SB2174
Bill
Status
1/31/2023
Primary Sponsor
Angela Burks Hill
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AI Summary
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Establishes that state agencies must reimburse the general fund if the State Auditor determines through the annual Single Audit that a procurement purchase was in material noncompliance with competitive bidding standards set in purchasing regulations.
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Requires noncompliant agencies to reimburse the total contract value plus 3% interest within 120 days of the Auditor's report publication.
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Reaffirms the intent that all state agencies comply with procurement regulations promulgated by the Department of Finance and Administration's Office of Purchasing, Travel, and Fleet Management.
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Effective July 1, 2023.
Legislative Description
State agencies; mandate reimbursement to the general fund for failure to follow proper procurement guidelines.
Last Action
Died In Committee
1/31/2023