(a)
(1) A state agency shall report a vendor's performance under a contract issued under this subchapter that has a total initial contract amount or total projected contract amount, including any amendments to or possible extensions of the contract, of at least twenty-five thousand dollars ($25,000) for contracts.
(2) A state agency shall use the form prescribed by the State Procurement Director and approved by the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee, to report a vendor's performance under this section.
(b) The report required under this section shall be:
(1) Completed and submitted:
(A) At least one (1) time every three (3) months for the entire term of the contract; and
(B) At the end of the contract;
(2) Filed with the Office of State Procurement and maintained for a minimum of three (3) years from the termination of the relevant contract, including any extensions and amendments; and
(3) Signed by the director of the state agency or his or her designee.
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