Requires the director of the office of financial management to appoint a liquor distribution advisory committee to assist and make recommendations to the office and the liquor control board regarding the provisions of the act.

Requires the office of financial management, in consultation with the liquor control board and the liquor distribution advisory committee, to establish and conduct a competitive process for the selection of a private sector entity to lease and modernize the state's liquor warehousing and distribution facilities and related operations.