This bill mandates that State agencies, along with the Director of the Division of Purchase and Property and the Director of the Division of Property Management and Construction, make a good faith effort to increase the awarding of contracts procured without advertisement to certified minority-owned and women-owned businesses by 30 percent within five years of the bill's effective date. To facilitate this goal, the State Treasurer is tasked with developing guidelines and directives that comply with State and federal law. Additionally, the bill requires each State agency to report to the State Treasurer every 30 days on their progress towards this goal.

Furthermore, the State Treasurer is required to submit a biannual report to the Governor and the Legislature detailing the implementation of the guidelines, actions taken by the agencies, and the overall impact of these efforts. The bill also includes amendments to existing laws, such as increasing the purchasing authority limits for contracts and removing references to the "Building" division, replacing it with "Property Management and Construction." These changes aim to streamline the procurement process while promoting inclusivity in State contracting practices.

Statutes affected:
Introduced: 52:34-7