This bill amends section 287.042 of the Florida Statutes to provide an exemption from public records requirements for certain vendor information held by the Department of Management Services in electronic systems. Specifically, it allows for the sharing of this vendor information with other governmental entities for their duties and responsibilities without waiving the exemption. The bill also establishes that this exemption is subject to the Open Government Sunset Review Act and will be repealed on October 2, 2030, unless it is reviewed and reenacted by the Legislature.

Additionally, the bill includes a statement of public necessity, emphasizing the importance of protecting sensitive and proprietary vendor information to maintain the integrity of vendor evaluations and procurement decisions. It argues that public disclosure of such information could harm government operations and that the potential risks of releasing this information outweigh any public benefits. The act is contingent upon the passage of SB 1276 or similar legislation, taking effect simultaneously if adopted within the same legislative session.