Establishes price preference program on State contracts for service-disabled veteran-owned businesses.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a program that gives service-disabled veteran-owned businesses a price preference when bidding on State contracts paid with State funds. State agencies will consider bids from these businesses, giving them a 10% advantage if they are the lowest bidder and meet specific requirements. The bill also clarifies definitions related to veteran status and qualified businesses, and addresses the situation where a veteran owner dies and their spouse takes over the business.
Bill text
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