The bill H.B. No. 4790 seeks to expand the definition of a "historically underutilized business" (HUB) within the Texas Government Code to include certain veteran-owned businesses for the purposes of state contracting. Specifically, it amends Section 2161.001(2) to add a new category (F), which defines a HUB as a small business concern that is owned and controlled by veterans and certified as a veteran-owned small business by the United States Small Business Administration. This addition aims to recognize and support veteran entrepreneurs in the state contracting process.

Additionally, the bill modifies the existing definition by removing the phrase "or" from the list of qualifying business types and introduces a new category (E) that includes supplier contracts involving historically underutilized businesses. The changes are intended to enhance opportunities for veteran-owned businesses and ensure they are included in the state's efforts to promote diversity in contracting. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 2161.001 (Government Code 2161)