New York A04351 amends the public authorities law to prioritize awarding contracts to small businesses and certified enterprises.

New York A04351 amends the public authorities law by adding a new provision that allows for the awarding of contracts to small businesses and businesses certified under article 15-A of the executive law. This includes a competitive process for procurement, a benchmark for comparing contract amounts, and an annual assessment of effectiveness. The total value of contracts awarded to these businesses cannot exceed two percent of all contracts offered in any fiscal year, but must be at least one percent. The provisions will expire on July 1, 2030.

New York A04351 amends the public authorities law to prioritize awarding contracts to small businesses and certified enterprises.

New York A04351 amends the public authorities law by adding a new provision that allows for the awarding of contracts to small businesses and businesses certified under article 15-A of the executive law. This includes a competitive process for procurement, a benchmark for comparing contract amounts, and an annual assessment of effectiveness. The total value of contracts awarded to these businesses cannot exceed two percent of all contracts offered in any fiscal year, but must be at least one percent. The provisions will expire on July 1, 2030.