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SB 2096 — State Financial Information
by Budget Committee
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Budget Committee (BC)
The bill provides for the following:
• Requires charter schools and charter technical career centers to post their financial information on the Transparency Florida website.
• Requires the Auditor General to annually submit to the Legislature a list of any school districts, charter schools, charter technical career centers, colleges, state universities, and water management districts that have failed to comply with the transparency requirements.
• Changes the exemption criteria for municipalities or special districts from a population threshold (fewer than 10,000) to a revenue threshold (less than $10 million in total annual revenues).
• Requires water management districts to post their financial statements on their websites by September 1, 2011.
• Requires the Chief Financial Officer to make a state contract management system publically available that includes information and documentation relating to contracts procured by state governmental entities.
• Requires agency procurement staff to update information within 30 days of any major change to a contract or the execution of a new contract. A major change includes a contract renewal, extension, termination, or amendment.
If approved by the Governor, these provisions take effect upon becoming a law.
Vote: Senate 37-0; House 117-0