Senate Bill No. 315, introduced by Senator Reese, amends R.S. 38:2316 to increase the budget cost minimum for professional services contract exemptions from $1 million to $2 million. This change allows agencies to bypass certain requirements for contracts valued at or below this new threshold. Additionally, the bill mandates that any agency entering into more than one professional services contract in a fiscal year must ensure that at least 50% of these contracts are awarded to separate, distinct, and unaffiliated professional services firms if they fall under the exemption.

The bill is set to take effect on July 1, 2026, and includes provisions that were adopted during the Senate's review process, such as the requirement for contract distribution among different firms and the adjustment of the effective date from immediate upon the governor's signature to the specified future date.

Statutes affected:
SB315 Original:
SB315 Engrossed:
SB315 Reengrossed: