Substitute Bill No. 1499 seeks to enhance the procurement processes of state contracting agencies by implementing recommendations from the State Contracting Standards Board. Key provisions include establishing stable funding for the board based on expenditure estimates from its executive director, prohibiting the Governor from reducing related allotments, and updating definitions related to state contracting. Notable insertions include the definitions of "best value selection" and an expanded definition of "contract," while the bill repeals Section 4e-1 and modifies existing definitions to eliminate references to quasi-public agencies. The bill also introduces new regulations for procurement practices, mandates training programs for procurement officers, and emphasizes accountability and transparency in state contracts.

Additionally, the bill outlines specific requirements for privatization contracts, including a cost-benefit analysis threshold and employee impact notifications. It establishes a framework for evaluating and renewing contracts, particularly those exceeding $150 million, and allows for the disqualification of contractors based on performance issues. The bill also clarifies the roles of the Chief Procurement Officer and the State Contracting Standards Board, enhancing their authority over procurement policies and processes. Overall, the bill aims to modernize and streamline state contracting practices, ensuring they are efficient, transparent, and accountable, with a planned implementation date of July 1, 2025.

Statutes affected:
Raised Bill: 12-815
GAE Joint Favorable: 12-815
File No. 498: 12-815
APP Joint Favorable: 12-815