(a) A local intellectual and developmental disability authority shall review a contract scheduled for renewal that:
(1) is between the authority and a private provider;
(2) is for the provision of intellectual disability services at the community level, including residential services; and
(3) involves the use of state funds or funds for which the state has oversight responsibility.
(b) The local intellectual and developmental disability authority may renew the contract only if the contract meets the criteria provided by Section 533A.016.
(c) The local intellectual and developmental disability authority and private provider shall negotiate a contract renewal at arm's length and in good faith.
(d) This section applies to a contract renewal regardless of the date on which the original contract was initially executed.