S792 - State Information Technology Contracts/Contractor Liability. (SL 2016-85)

Overview: S.L. 2016-85 requires limits of contractor liability for damages under State information technology procurement contracts. The act sets a presumption of liability of two times the value of the contract, with authorization for the amount to be raised to three times the value of the contract under certain circumstances.

This act became effective June 30, 2016, and applies to contracts entered into, extended via the exercise of options or otherwise, renewed, or amended on or after that date.