HB3486 - Tennessee: Public Contracts, Universities, State, University Of Tennessee

Companion Bill SB3319. Public Contracts - Allows state institutions of higher education greater flexibility to place limited liability clauses within contracts for usage of computer software, under certain circumstances. - Amends TCA Title 12, Chapter 4, Part 1. Fiscal Summary for HB3486 / *SB3319Increase State Expenditures - Not Significant Bill Summary for HB3486 / *SB3319 Present law authorizes state government agencies to include limitations of liability and warranty in contracts for services, provided that the state's potential recovery from a contractor is not reduced below two times the value of the contract without the written permission of the commissioner of finance and administration. This bill purports to exempt contracts for software entered into by the state institutions of higher education from the requirement that [...]

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