State Procurement and Personnel - Liquidated Damages Documentation Requirements and State Fiscal Leadership Capacity

Summary

The bill authorizes the Secretary of Budget and Management to exempt chief financial officer (CFO) positions from the state pay plan to improve recruitment and retention. It also sets minimum education and experience standards for CFOs in large executive‑branch agencies and requires those officers to submit detailed financial data and certifications to the Office of the Comptroller. Units that choose not to pursue certain liquidated‑damage claims must provide documentation to the Board of Public Works and the Joint Audit and Evaluation Committee.

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