Bill Text: TX SB220 | 2021-2022 | 87th Legislature | Introduced


Bill Title: Relating to notice and reporting requirements for vendor rebates under a contract listed on a multiple award contract schedule.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2021-03-03 - Referred to Finance [SB220 Detail]

Download: Texas-2021-SB220-Introduced.html
  87R2742 MWC-F
 
  By: Zaffirini S.B. No. 220
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to notice and reporting requirements for vendor rebates
  under a contract listed on a multiple award contract schedule.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2155.510, Government Code, is amended by
  amending Subsection (b) and adding Subsection (c) to read as
  follows:
         (b)  The comptroller shall notify a state agency purchasing a
  good or service through a contract listed on a schedule developed
  under this subchapter of the percentage used to calculate the
  rebate authorized under Subsection (a).
         (c)  If a purchase resulting in a rebate under this section
  is made in whole or in part with federal funds, the purchasing state
  agency [comptroller] shall ensure that, to the extent the purchase
  was made with federal funds, the appropriate portion of the rebate
  is reported to [the purchasing agency for reporting and
  reconciliation purposes with] the appropriate federal funding
  agency.
         SECTION 2.  This Act takes effect September 1, 2021.
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