TO REQUIRE A VENDOR THAT CONTRACTS WITH THE EMPLOYEE BENEFITS DIVISION TO SUBMIT DATA FOR VERIFICATION BY AN INDEPENDENT AUDIT; TO IMPOSE A CIVIL PENALTY ON A VENDOR THAT PROVIDES INACCURATE DATA; AND TO DECLARE AN EMERGENCY.

Senate Bill 491 (Act 956) requires vendors contracting with the Employee Benefits Division to submit their data for verification by an independent audit. This measure aims to ensure the accuracy of information provided by these vendors. The bill establishes a civil penalty for any vendor found to have submitted inaccurate data. It also includes an emergency clause, allowing the act to take effect immediately upon becoming law.