(a) The General Assembly finds that:
(1) Performance-based contracts provide an effective and efficient method of monitoring and evaluating the overall quality of services provided; and
(2) The practice of including benchmark objectives that the provider must attain at specific intervals during the term of the contract is an essential requirement for measuring performance.
(b) A state agency, board, commission, or institution of higher education that enters into a contract under this subchapter to procure services shall use performance-based standards in the contract.
(c) (1) The State Procurement Director shall promulgate rules necessary to implement and administer this section.
(2) Rules promulgated under this subsection are subject to approval by the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee.
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