New York A01488 amends the executive law to adjust state contract requirements for minority and women-owned businesses.

New York A01488 amends the executive law by adding a new subdivision to Section 313. It mandates that contracting agencies require contractors to comply with state contract provisions at a rate correlating with the percentage of certified minority and women-owned businesses in the relevant industry and economic development region. These percentages must be published on the Department of Economic Development's website with each bid opportunity and updated annually. The act takes immediate effect but does not affect the repeal of certain articles.

New York A01488 amends the executive law to adjust state contract requirements for minority and women-owned businesses.

New York A01488 amends the executive law by adding a new subdivision to Section 313. It mandates that contracting agencies require contractors to comply with state contract provisions at a rate correlating with the percentage of certified minority and women-owned businesses in the relevant industry and economic development region. These percentages must be published on the Department of Economic Development's website with each bid opportunity and updated annually. The act takes immediate effect but does not affect the repeal of certain articles.