2009 Rhode Island Code
Title 37 - Public Property and Works
CHAPTER 37-2.3 - Government Oversight and Fiscal Accountability Review Act
§ 37-2.3-4 - Fiscal monitoring of privatization contracts.

SECTION 37-2.3-4

   § 37-2.3-4  Fiscal monitoring of privatization contracts. – Each private contractor shall file a copy of each executed subcontract or amendment to the subcontract with the agency, which shall maintain the subcontract or amendment as a public record, as defined in the access to public records act.

   (1) Audits. Privatization contracts shall be subject to audit or review, as defined by the American Institute of Certified Public Accountants, by the office of the auditor general at the discretion of the auditor general. Any audit or review shall be conducted in compliance with generally accepted auditing standards.

   (2) Access. All privatization contracts shall include a contract provision specifying language that provides public access to the complete contract.

   (3) Fiscal accountability. As part of the budgetary process, each state agency shall provide an addendum to their submitted budget request listing all privatization contracts; the name of each contractor, subcontractor, duration of the contract provided and services provided; the total cost of each contract(s) for the prior year; and the projected number of privatization service contracts for the current and upcoming year, the total cost of each contract(s) for the prior year; the estimated costs of each contract(s) for the current and upcoming year. The addendum for each agency shall also contain a summary of contracted private contractor employees for each contract, reflected as full-time equivalent positions, their hourly wage rate, and the number of private contractor employees and consultants for the current and previous fiscal year. The addendums shall be open records.