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Procurement Reform Savings

SECTION 38.   Whenever the secretary of administration and finance determines that procurement reforms or initiatives have resulted in cost savings for an agency of the executive department during fiscal year 2012, the secretary may reduce allotments under section 9B of chapter 29 of the General Laws to reflect some or all of the amounts saved, and within 15 days shall notify in writing the house and senate committees on ways and means. The total amount of such allotment reductions shall not exceed $30,000,000 in fiscal year 2012.

This section sets up a mechanism to accomplish up to $30 million in savings from procurement reforms and initiatives in fiscal year 2012.