Revise reporting requirements related to public contracts

This bill requires the Montana Department of Administration to submit quarterly reports to the Legislative Finance Committee on public procurement activities involving contracts valued at $250,000 or more. The reports must include details such as the purchasing agency name, intended procurement items, funding sources, solicitation closing dates, and contractor information for both initial contracts and modifications that increase total contract value. These reporting deadlines occur on March 1, June 1, September 1, and December 1 each year, ensuring regular oversight of significant state spending. The legislation applies specifically to procurement solicitations and contracts where the anticipated or actual cost meets the specified threshold.