Synopsis As Introduced Amends the Business Enterprise for Minorities, Females, and Persons with Disabilities Act. Provides that all State agencies shall increase their award of State contracts to minority owned businesses by 15%.
Fiscal Note (Dept. of Central Management Services)
There is no additional fiscal impact to the Department of Central Management Services. By increasing the aspirational goal, as established in the Act, by 15%, more of the State resources spent on these contracts will be available to minority owned businesses, provided they are available. This legislation's intent is to increase the allocation of state spend to BEP vendors rather than adding additional spend to the state's budget.
State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)