Provides for increased participation in state contracts and subcontracts by certified minority and women-owned business enterprises; relates to.

The bill mandates that state agencies develop four-year growth plans to promote participation by certified minority and women-owned business enterprises (MWBEs) in state contracts and subcontracts. It requires agencies to submit quarterly reports on MWBE participation and mandates the creation of a directory of certified MWBEs. The bill also allows agencies to waive certain requirements under specific conditions and mandates the collection of statistical data on MWBE participation. It imposes sanctions for non-compliance and establishes a fund for fines related to violations.

Provides for increased participation in state contracts and subcontracts by certified minority and women-owned business enterprises; relates to.

The bill mandates that state agencies develop four-year growth plans to promote participation by certified minority and women-owned business enterprises (MWBEs) in state contracts and subcontracts. It requires agencies to submit quarterly reports on MWBE participation and mandates the creation of a directory of certified MWBEs. The bill also allows agencies to waive certain requirements under specific conditions and mandates the collection of statistical data on MWBE participation. It imposes sanctions for non-compliance and establishes a fund for fines related to violations.