House Speaker Cameron Sexton has asked State Rep. Ron Travis to serve as co-prime sponsor of House Bill 2727 as it travels through the committee process in the Tennessee House of Representatives.
Part of the Speaker’s legislative package for the year, House Bill 2727 will require Fiscal Review to examine and study all state contracts for good or services over $250,000 that are greater than a year in contract length and that are procured through a non-competitive process.
Under this initiative, agencies must provide fiscal review with descriptions of all goods and services to be acquired, an explanation of need for these goods and services, information about the proposed contractor’s principal owner, and any evidence of expertise by contractors in similar matters.
“This bill will improve transparency for the process of how this state secures contracts for goods and services rendered,” said Speaker Sexton.
“As chairman of Fiscal Review, Ron Travis is the right person to guide this legislation through the House. I appreciate his willingness to serve as co-prime sponsor because this bill will ensure we are utilizing taxpayer dollars in an effective and responsible manner and for the benefit of all citizens.”
“I appreciate Speaker Sexton asking me to serve as co-prime sponsor of House Bill 2727 because this legislation will allow us to better understand costs associated with state contracts,” said Chairman Travis. “Getting this legislation passed will ultimately increase our accountability to those who have entrusted us to serve them, and I look forward to our work ahead on this important issue.”
House Bill 2727 advanced out of the Department & Agencies Subcommittee this week.