(a)

(1) A contract requiring the service of one (1) or more individuals for regular full-time or part-time weekly work shall be presented to the Legislative Council or, if the General Assembly is in session, to the Joint Budget Committee, before the execution of the contract if the total initial contract amount or the total projected contract amount, including any amendments or possible extensions, is at least one hundred thousand dollars ($100,000).

(2) The Legislative Council or the Joint Budget Committee shall provide the State Procurement Director with its review as to the propriety of the contract within thirty (30) days after receipt of the proposed contract.

(3) The contract shall not be submitted to the Legislative Council or to the Joint Budget Committee until the Office of State Procurement has reviewed the contract and provided the Legislative Council or the Joint Budget Committee with a recommendation regarding the legality of the contract.

(b) The Legislative Council or the Joint Budget Committee may review or exempt from review any contract or group of contracts contemplated by this section.

(c)

(1) In addition to the contracts presented to the Legislative Council or to the Joint Budget Committee under subsection (a) of this section, the director shall compile a monthly report of all executed contracts requiring the service of one (1) or more individuals for regular full-time or part-time weekly work if the total initial contract amount or the total projected contract amount, including any amendments or possible extensions, is at least twenty-five thousand dollars ($25,000) and less than one hundred thousand dollars ($100,000).

(2) The monthly report required under this subsection shall include without limitation:

(A) The name of the contractor;

(B) The state agency name;

(C) The contact information for the contractor or state agency;

(D) The total initial cost of the contract, the cost of any commodities included in the contract, and the cost of the services;

(E) The type of commodities and services contracted;

(F) The quantity of commodities and services contracted;

(G) The procurement method;

(H) The total projected contract amount that includes any amendments and all available extensions; and

(I) Any other information requested by the Legislative Council or the Joint Budget Committee.

(3) The director shall remit the report required under this subsection each month to the Legislative Council or to the Joint Budget Committee as directed by the Legislative Council.

(d) A contract that is procured by a state agency with a state agency procurement official is subject to the reporting and presentment requirements under this section.

(e) It is a violation of state procurement laws, Arkansas Code Title 19, Chapter 11, for a state agency official to procure services in an incremental or split purchase arrangement to avoid the reporting or presentment requirements of this section.