Central purchasing; requiring certain vendors to submit certain information with competitive bid; directing Office of Management and Enterprise Services to conduct annual audits of certain vendors. Effective date.

SB 270 requires vendors bidding on Oklahoma state contracts to submit annual affidavits confirming no financial misconduct (such as fraud, corruption, or embezzlement) among their executives, directors, or major investors. If a vendor discloses such misconduct in their affidavit, the Office of Management and Enterprise Services (OMES) must conduct annual financial audits of that vendor. The bill defines "financial impropriety" broadly to include dishonest, illegal, or unethical financial activities. It applies to all vendors under Oklahoma's central purchasing system and takes effect November 1, 2025.