Approval Required For Assignment of Services Contracts

Sec. 2262.056. APPROVAL REQUIRED FOR ASSIGNMENT OF SERVICES CONTRACTS. (a) In this section: (1) "Major information resources project" has the meaning assigned by Section 2054.003. (2) "Sensitive personal information" has the meaning assigned by Section 521.002, Business & Commerce Code. (b) A vendor awarded a services contract by a state agency may not assign the vendor's rights under the contract to a third party unless the assignment is approved by the state agency. (c) At least 14 days before a state agency rejects or approves a vendor's proposed assignment under Subsection (b), the state agency shall notify the Legislative Budget Board of the proposed assignment if the contract subject to the assignment: (1) is for a major information resources project; or (2) involves storing, receiving, processing, transmitting, disposing of, or accessing sensitive personal information in a foreign country. Added by Acts 2019, 86th Leg., R.S., Ch. 953 (S.B. 65), Sec. 29, eff. September 1, 2019.