Section 15849.21.

(a) With respect to the report required in subdivision (b), the Legislature finds and declares that given the state's fiscal situation, the report should examine the costs and benefits of alternative approaches to the implementation of the FISCal system, including, but not limited to, a scaled-back version of the system.

(b) Before executing a contract for a prime vendor to implement Section 15849.22 by developing the FISCal system, the Department of Finance shall submit a written report to the Legislature that includes all of the following:

(1) Summarizes the vendor assessments of the state's current financial system and future automation goals, as presented in the request for proposals.

(2) Provides details about proposals for the development of the FISCal system, including, but not limited to, vendor costs and timeframes.

(3) Provides details about how the proposed solution will develop a robust and flexible financial management system with the technical capability to implement performance-based budgeting, or any other budgeting approach the Legislature chooses to adopt.

(4) Explains the FISCal Project Office's rationale for selecting the winning vendor.

(c) (1) The report required by this section shall be submitted to the Legislature for review no less than 90 days prior to execution of the contract.

(2) Notwithstanding paragraph (1), the Chairperson of the Joint Legislative Budget Committee may waive any portion of the 90-day review period.

(Added by Stats. 2010, Ch. 727, Sec. 4. Effective October 19, 2010.)