The bill amends several sections of the Minnesota Statutes to enhance the Metropolitan Council's ability to support small businesses and streamline contract negotiations. A new subdivision is added to section 473.129, allowing the council to directly negotiate contracts for construction or maintenance work without the need for competitive bidding, provided the total contractual obligation does not exceed a specified amount. Additionally, section 473.142 is revised to adjust the percentage preferences for small targeted group businesses and veteran-owned small businesses, aligning them with existing statutes. The amendments also clarify the conditions under which contracts can be awarded to these businesses and establish requirements for timely payment to subcontractors.

Furthermore, section 473.1425 is updated to allow the Metropolitan Council to grant funds for working capital loans to businesses owned by disadvantaged individuals, facilitating their participation in government contracts. The bill includes provisions for the council to adopt rules for implementation and mandates reporting on compliance with these new regulations. The act is set to take effect the day after final enactment and will apply specifically to the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington.

Statutes affected:
Introduction: 473.129, 473.142, 473.1425