The proposed bill, if enacted, would amend current statutes regarding state contracts by exempting the federal government and its agencies from the state's contract cancellation provisions. Specifically, it would clarify that the term "any other party" in state contracts does not include the federal government or any federal agency. This change would be inserted into the existing statute, which currently allows the state and its political subdivisions to cancel contracts under certain conditions if a person involved in the contract is also an employee or agent of another party.

Additionally, the bill would make minor adjustments to the language of the current statute, such as changing "cancelled" to "canceled" and ensuring that the definitions of "political subdivisions" exclude certain entities formed under specific titles. These updates aim to streamline the language and clarify the applicability of the law while maintaining the existing rights and obligations of the state and its political subdivisions in contract management.

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