Mississippi HB703 revises public purchasing laws to include set-asides for businesses owned by veterans and people with disabilities.
Mississippi HB703 amends the public purchasing laws to require the Public Procurement Review Board to set aside at least five percent of anticipated annual expenditures for the purchase of commodities from minority businesses. It also provides that businesses owned by veterans and people with disabilities are eligible for these set-asides. The bill defines minority businesses and specifies that set-aside purchases must comply with all purchasing regulations. The changes are set to take effect from July 1, 2026.
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