An act relating to privatization contracts

This bill establishes new requirements for the Vermont Executive Branch when entering into privatization contracts, which are defined as agreements for services valued at $25,000 or more per year that replace work previously done by state employees. The legislation mandates a 35-day notice period for collective bargaining representatives to discuss alternatives before bidding begins, requires projected cost savings of at least 10-20 percent, and sets minimum wage and health insurance standards for contractors that match state employee benefits. Additionally, the bill creates a review panel to certify contract compliance, requires quarterly payroll reporting, and allows the Attorney General to investigate whether contracts achieve projected savings after 12 months, with provisions for contract voiding if requirements are not met.