State Government - As introduced, requires state agencies to produce an economic impact statement prior to entering a contract with a private party if either the contract is in excess of $2.5 million or the contract will result in the furlough or layoff of any state employees, instead of both; authorizes the chair of the appropriate standing committee to schedule a hearing to review the economic impact statement. - Amends TCA Title 3; Title 4; Title 9 and Title 12.