Staff Analysis of the Legislation
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SUMMARY: LC 21 2374 Requires political subdivisions to follow certain provisions related to service contracts.
REQUIREMENTS:
- contracts shall contain specific performance and cost parameters
- contractor shall submit quarterly reports related to performance and cost parameters
- contracts shall contain a provision authorizing termination of the contract if performance criteria are not met and/or if costs exceed the costs established by the contract
- contracts shall contain a provision allowing cancellation of the contract if the contractor fails to comply with applicable local, state, and federal laws
EFFECTIVE DATE: July 1, 2014
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