The proposed bill, General Assembly Committee Bill No. 6327, mandates that the Secretary of the Office of Policy and Management submit an annual report detailing state contracts awarded to out-of-state businesses. The bill introduces new definitions for "resident business" and "nonresident business," clarifying that a resident business is one whose principal place of business is located within the state, while a nonresident business is one located outside the state. Starting December 1, 2025, and annually thereafter, each state agency must report all contracts awarded to nonresident businesses, including information on whether resident businesses bid on those contracts and the reasons for selecting a nonresident business over a resident one.

Additionally, the bill repeals the existing Section 4-67i and replaces it with updated requirements for state agencies to submit procurement plans every three years. The new language specifies that the initial report on contracts awarded to nonresident businesses will cover contracts awarded on or after July 1, 2025, with subsequent reports including contracts awarded since the last report. By January 1, 2026, the Secretary is required to compile these reports and submit a summary to the relevant legislative committee, ensuring transparency and oversight regarding the awarding of state contracts.

Statutes affected:
Committee Bill: 4-67i