House Bill No. 2590, introduced by Staires, mandates the Office of Management and Enterprise Services to create a standardized form for evaluating prospective vendors who wish to manage federal funds on behalf of state governmental entities. This form will be utilized by various agencies, boards, commissions, and departments within the executive branch. The bill outlines specific required content for the form, including the legal name of the vendor, jurisdiction of incorporation, names of principal officers, prior experience with federal funds management, recent financial audits, and any pending civil cases involving the vendor.

The bill is set to take effect on July 1, 2025, and includes an emergency clause, allowing it to be enacted immediately upon passage and approval. This legislation aims to enhance transparency and accountability in the management of federal funds by ensuring that all prospective vendors are thoroughly evaluated based on standardized criteria.