Missouri SB1245 establishes a preference for veteran-owned businesses in public contract awards.
Missouri SB1245 creates a preference for veteran-owned businesses in the awarding of public contracts. The bill defines veteran-owned businesses as those owned by honorably discharged veterans or service-disabled veterans. It mandates that state agencies and political subdivisions give a three-point bonus preference to these businesses when awarding contracts. The commissioner of administration is tasked with ensuring that at least three percent of state contracts are awarded to veteran-owned enterprises. The bill also outlines the process for promulgating rules to implement these provisions.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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