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SB 735 - This act establishes the "Transparency in Government Contracting Act" requiring any person, corporation, association, firm, partnership, proprietorship, or business entity of any kind or character entering into a contract with a public agency to disclose any payments made to a political organization. Furthermore, any person with a substantial interest in a corporation, association, firm, partnership, proprietorship, or business entity of any kind or character entering into a contract with a public agency shall disclose any payments made of five hundred dollars or more annually to a political organization. Failure to timely file a disclosure is considered a material breach of contract, and in addition to other remedies, the contractor shall be subject to liquidated damages equal to five percent of the total contract price, and any payments on the contract due to the contractor shall be held until the contractor makes the required filing. The liquidated damages may, at the discretion of the public agency, be deducted from any payments due the contractor. This act is identical to SB 148 (2019) and substantially similar to SB 1060 (2018). SCOTT SVAGERA
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