Loading chat...
OK HB2590
Bill
Status
3/26/2025
Primary Sponsor
Clay Staires
Click for details
AI Summary
-
Office of Management and Enterprise Services must develop a standardized form for executive branch agencies to use when identifying prospective vendors for contracts to manage federal funds
-
Required form disclosures include: vendor's legal name and trade names, state/jurisdiction of incorporation, names of principal officers (CEO, CFO, CIO, COO), prior experience managing federal funds for government entities, most recent financial audit, and any pending civil litigation related to federal funds management
-
Vendors are not required to disclose proprietary information, information protected by private agreement, or trade secrets
-
Completed forms must be submitted to the Governor, Speaker of the House, President Pro Tempore of the Senate, and Chairs and Vice-Chairs of appropriations/budget committees in both legislative chambers
-
Effective date: November 1, 2025
Legislative Description
Public finance; Office of Management and Enterprise Services; requiring certain form for use in contracts related to management of federal funds; content; effective date.
Last Action
Placed on General Order
4/24/2025