The bill amends section 287.042 of the Florida Statutes to establish a public records exemption for electronic systems that provide background information on vendors seeking to do business with the state. Specifically, it inserts provisions that any information held in these electronic systems, along with any related derived information, is exempt from public disclosure under section 119.07(1) and section 24(a) of Article I of the State Constitution. However, this information may still be shared with other governmental entities for official duties without losing its exempt status. The exemption is subject to the Open Government Sunset Review Act and will automatically repeal on October 2, 2030, unless the Legislature reenacts it.

Additionally, the bill includes a statement of public necessity, asserting that protecting sensitive and proprietary information related to vendor evaluations is crucial for maintaining the integrity of procurement decisions. The Legislature argues that public disclosure of such information could compromise government operations and decision-making, particularly concerning safety and security. The act is contingent upon the passage of HB 1153 or similar legislation, taking effect simultaneously if adopted within the same legislative session.