Relates to provisions governing contracting between state agencies and not-for-profit organizations including new, renewal, and extension contracts.

This bill modifies laws related to contracts between state agencies and not-for-profit organizations. It clarifies definitions for "renewal contract" and "written directive," and sets new timelines for contract approvals by the Attorney General and Comptroller. The bill also adjusts the maximum loan amount from the not-for-profit short-term revolving loan fund and changes how payment timelines are affected by invoice defects.

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