(a) After a contract is completed or otherwise terminated, each state agency shall review the vendor's performance under the contract. If the value of the contract exceeds $5 million, the state agency shall review the vendor's performance:
(1) at least once each year during the term of the contract; and
(2) at each key milestone identified for the contract.
(b) The state agency shall report to the comptroller, using the tracking system established by Section 2262.055, on the results of each review conducted under Subsection (a) regarding a vendor's performance under a contract.
(b-1) A state agency may not extend a vendor's contract until after the agency reports the results of each review of the vendor conducted under Subsection (a)(1) or (2), as applicable, in the manner prescribed by Subsection (b).
(c) This section does not apply to:
(1) an enrollment contract described by 1 T.A.C. Section 391.183 as that section existed on September 1, 2015;
(2) a contract of the Employees Retirement System of Texas except for a contract with a nongovernmental entity for claims administration of a group health benefit plan under Subtitle H, Title 8, Insurance Code;
(3) a contract entered into by:
(A) the comptroller under Section 2155.061;
(B) the Department of Information Resources under Section 2157.068; or
(C) a university system or an institution of higher education, as those terms are defined by Section 61.003, Education Code; or
(4) a child-specific contract entered into by the Department of Family and Protective Services for a child without placement.