Texas Government Code 2262.056 – Approval Required for Assignment of Services Contracts
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(a) In this section:
(1) “Major information resources project” has the meaning assigned by § 2054.003.
(2) “Sensitive personal information” has the meaning assigned by § 521.002, Business & Commerce Code.
(b) A vendor awarded a services contract by a state agency may not assign the vendor’s rights under the contract to a third party unless the assignment is approved by the state agency.
Terms Used In Texas Government Code 2262.056
- Contract: A legal written agreement that becomes binding when signed.
(c) At least 14 days before a state agency rejects or approves a vendor’s proposed assignment under Subsection (b), the state agency shall notify the Legislative Budget Board of the proposed assignment if the contract subject to the assignment:
(1) is for a major information resources project; or
(2) involves storing, receiving, processing, transmitting, disposing of, or accessing sensitive personal information in a foreign country.