By: Nelson S.B. No. 1067 (Geren) A BILL TO BE ENTITLED AN ACT relating to notice and approval of the assignment of vendor's rights under state agency contracts for services. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter B, Chapter 2262, Government Code, is amended by adding Section 2262.056 to read as follows: Sec. 2262.056. APPROVAL REQUIRED FOR ASSIGNMENT OF SERVICES CONTRACTS. (a) In this section: (1) "Major information resources project" has the meaning assigned by Section 2054.003. (2) "Sensitive personal information" has the meaning assigned by Section 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. (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. SECTION 2. The changes in law made by this Act apply only to a contract entered into or renewed on or after the effective date of this Act. SECTION 3. This Act takes effect September 1, 2019.