Establishes price preference program on State contracts for minority and women's businesses.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates a price preference program for minority and women-owned businesses when the state government is awarding contracts paid with public funds. State agencies will give these businesses a preference of up to 10% of the contract amount, provided they meet all contract requirements and are the lowest bidder. The bill also addresses ownership transitions, ensuring continued preference eligibility if a business owner dies and their spouse acquires the ownership interest.
Bill text
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Primary sponsor
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