SB1743 - AN ACT to amend Tennessee Code Annotated, Title 12, Chapter 3, Part 6, relative to records retention for state contracts.

1 Co-Sponsor

As enacted, changes, from three years to five years, the time period for which a person awarded a state contract, change order, or contract modification must retain all books and records of cost or pricing data submitted to the state with regard to the agreement; changes, from three years to five years, the time period for which a contractor or subcontractor under a state-awarded contract must retain all books and records pertaining to the agreement; requires all state procurement contracts executed after July 1, 2024, to include a provision detailing the records retention requirement. - Amends TCA Title 12, Chapter 3, Part 6.