A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by adding Section 12.7 to Article IV thereof, relating to the public contracts.

Existing statutory law authorizes state agencies to enter into contracts for the acquisition of goods or services upon approval by the Department of General Services. Existing statutory law sets forth various requirements and prohibitions for those contracts. This measure would subject the approval of a renewal or extension of a no-bid contract by a state agency for the acquisition of goods or services pursuant to law governing public contracts, in the amount of $25,000,000 or more, entered into on or after January 1, 2023, to the oversight of the Joint Legislative Budget Committee, as prescribed.