If HB2763 were to become law, it would amend current statutes regarding state contracts by explicitly exempting the federal government and its agencies from the state's contract cancellation provisions. Currently, under A., the state and its political subdivisions can cancel contracts within three years if any person involved in the contract is found to be an employee or agent of another party. The bill would insert 1. Any other party does not include the federal government or any federal agency. to clarify that this exemption applies specifically to federal entities. Additionally, the bill would make several minor adjustments to the language of the existing statute, such as changing cancelled to canceled in B., and replacing the with this in various sections to enhance clarity. The definition of "political subdivisions" would also be refined to state that it does not include certain entities formed under specific titles, as indicated by 2. Overall, these changes aim to clarify the applicability of the law and ensure that federal entities are not subject to the same cancellation rules as state contracts.

Statutes affected:
Introduced Version: 38-511
House Engrossed Version: 38-511