California SB1340 mandates annual reporting of small business contracts, requires preference for small businesses in contract awards, and sets.
California SB1340 establishes requirements for state agencies to report annually on contracts with small businesses to the Office of Small Business Advocate. The bill mandates that small businesses and microbusinesses receive special consideration in contract awards, including reduced experience and inventory requirements. It also requires preference for small businesses in contract awards, with a 5% preference for small businesses and microbusinesses in bid solicitations.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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