SB2207 - Tennessee: Finance And Administration, Dept. Of, Public Contracts

Companion Bill HB2263. Public Contracts - Authorizes state governmental entities to allow limitations of liability and warranty in contracts pursuant to rules promulgated by commissioner of finance and administration instead of requiring commissioner's approval for every limitation of liability or warranty. - Amends TCA Title 12. Fiscal Summary for SB2207 / *HB2263Decrease State Expenditures - Not Significant Bill Summary for SB2207 / *HB2263 Under present law, the commissioner of finance and administration may authorize the procurement of services in which the contractor's liability is limited. Such procurement may be undertaken only in accordance with rules and regulations promulgated by the commissioner. The commissioner may also authorize negotiation of a limitation on a contractor's liability, pursuant to rules and regulations to be promulgated [...]

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