State government; authorizing the State Purchasing Director to prepare a bid-preference program. Effective date.

Summary

The bill lets the State Purchasing Director set up a system that favors corporations that have been operating for less than five years. If less than 10% of contract dollars go to these new firms, the director can adjust the lowest bid so a qualifying new company can win the award. It is intended to help emerging businesses compete for state work.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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