FINANCE-CONTRACT-SIGNATURES
Summary
Amends the State Finance Act. Provides that, for construction contracts procured by the Department of Transportation, a requirement that a contract, a contract renewal, an order against a master contract, or an amendment to an existing contract requires the signature of the chief executive officer of the agency, the chief legal counsel of the agency, and the chief fiscal officer of the agency applies only if the contract is in the amount of $750,000 or more or is increased to or by $750,000 or more in a fiscal year. Provides that the Department of Transportation may, by rule, adjust that applicable monetary threshold on a yearly basis to reflect inflationary costs in highway construction. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2025
Last action Mar 13, 2026
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
Engrossed
·
5 edits
MODERATE
The bill has been updated from its original introduction to its final engrossed version, incorporating new definitions and detailed procedural rules for voucher approvals and signature delegations within state agencies. These additions clarify who is responsible for signing financial documents and establish a formal process for delegating that authority, ensuring accountability in state financial transactions.
Scope change
The bill's scope was expanded to include specific definitions for agency leadership and detailed requirements for voucher certification and delegation of signing authority, which were not present in the initial version.
DEFINITION
Added a specific definition stating that the 'chief executive officer' of an agency is the head of the agency.
REQUIREMENT
Added new requirements detailing how vouchers must be signed, including rules for when an officer delegates their authority to another person.
Added procedures for notifying the State Comptroller when authority to sign vouchers is delegated or revoked.
Added provisions allowing the State Comptroller to require agencies to keep records of signature delegations instead of sending physical copies to the Comptroller's office.
TECHNICAL
Added a section confirming that the bill takes effect immediately upon becoming law.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
19
Key actions
1
Committee
4
Apr 11, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 12, 2025
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 008-000-000
lower
Mar 4, 2025
Committee
Assigned to State Government Administration Committee
lower
Feb 18, 2025
Committee
Referred to Rules Committee
lower
1 primary · 8 co-sponsors
Sponsors
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