SOLE SOURCE & EMERGENCY CONTRACT INFO

HB 550 requires state and local agencies to publicly disclose details of sole source (awarded without competitive bidding) and emergency procurement contracts. It mandates that agencies post specific contract information - including contractor name, amount, services provided, procurement type, and justification - on the Sunshine Portal website or their public site within three business days of award. This information must also be emailed to the legislative finance committee, legislators, and individuals who requested it in writing. The bill aims to increase transparency by making these procurement records accessible to the public and lawmakers for a minimum of three years.