Amends requirements for state executive agencies to enter into privatization contracts valued at $25,000 or more; requires contractors to be paid at least the prevailing wage for the comparable position in permanent state employment; requires bids to include wage and benefit information; requires the contracting agency and the Secretary of Administration to certify legal compliance, that the services meet certain quality standards, that the designated bidder does not have a record of noncompliance, and that the contract is in the public interest; creates reporting requirements for contractors; requires compliance with EEO laws; provides just cause employment and whistleblower protection for contract employees; requires state agencies to report on fiscal and operational impact of privatization contract changes.