House Bill 2216, also known as Senate Bill 2331, amends Tennessee Code Annotated to enhance the fiscal review process for state contracts. The bill removes subdivision (a)(2)(B) from Section 3-2-107 and replaces Section 4-56-107 with new provisions that establish specific criteria for contracts subject to review by the fiscal review committee. Notably, it stipulates that noncompetitive contracts with a maximum liability of at least $250,000, as well as any amendments to such contracts, must undergo review. The bill defines "noncompetitive contracts" and outlines the types of contracts that are exempt from review, including those awarded to public institutions of higher education and certain governmental entities.

Additionally, the bill mandates that procuring agencies submit detailed requests for review to the fiscal review committee, including descriptions of the goods or services, justification for noncompetitive negotiation, and other relevant information. It establishes a timeline for submission and review, requiring that contracts be submitted at least 60 days prior to their proposed effective date. The chief procurement officer is also tasked with monthly reporting to the fiscal review committee on all contracts awarded, ensuring transparency in the procurement process. This legislation aims to improve oversight and accountability in state contracting practices.

Statutes affected:
Introduced: 3-2-107, 4-56-107