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," which refers to businesses with their principal place of business located within the state, and "nonresident business," which pertains to those 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 provisions that require state agencies to submit procurement plans every three years, detailing their intended contracts and procurement methods. The Secretary is tasked with compiling these reports and submitting a summary to the relevant legislative committee by January 1, 2026, and annually thereafter. The act is set to take effect on July 1, 2025.

Statutes affected:
Committee Bill: 4-67i