Fiscal Review Committee - As introduced, clarifies which procurement contracts are subject to review by the fiscal review committee of the general assembly; removes requirement that impact to commerce statements be included on fiscal notes prepared by the fiscal review committee. - Amends TCA Title 3, Chapter 2 and Title 4, Chapter 56.

Summary

The bill defines which non‑competitive procurement contracts and amendments—those with a maximum liability of $250,000 or more—must be sent to the General Assembly’s fiscal review committee. It also lists several types of contracts that are exempt and removes the requirement for a commerce‑impact statement on fiscal notes. The changes aim to focus oversight on larger, higher‑risk agreements.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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