Press release from TN Senate Democratic Caucus Chairman Lowe Finney; November 20, 2013:
NASHVILLE – State Sen. Lowe Finney has drafted legislation that will stop any state agency from entering a contract that allows a contractor to profit from its own recommendations.
“This bill stops companies from profiting from their own recommendations, as we’ve seen in the state’s building management contracts,” Sen. Finney said. “This bill sets a standard of ethics and protects taxpayers.”
The bill follows an audit by the state comptroller’s office that found flaws in the way the Department of General Services handled its contract with Jones Lang LaSalle for facility assessments, master planning and facility management services.
Auditors found that in two cases, the state’s contract with that company created organizational conflicts of interest where the contractor could profit from its own recommendations to the state.
The standards set forth in the legislation would put Tennessee in line with federal contract standards.
“The ideas of saving taxpayer dollars and having a standard of ethics on conflicts of interest are not mutually exclusive,” Sen. Finney said.