State contracts with person or business convicted of fraud precluded.

This bill prohibits state agencies from entering into contracts with companies owned by individuals convicted of specific crimes including theft, perjury, or fraud against the state or federal government. The law applies to sole proprietorships, partnerships, and corporations, blocking contracts if any owner has been found guilty of these offenses or held liable for making false claims against government agencies. The provision aims to prevent state funds from going to businesses with owners who have demonstrated dishonesty in legal matters.