Requires public corporations and agencies to notify minority- or women-owned businesses of reasons for unsuccessful contract bids.

The bill mandates that public corporations and agencies must provide written notice to minority- or women-owned businesses that did not win a contract, explaining why they were unsuccessful. This notice must be given within thirty days of the contract award. The bill amends sections of the Public Authorities Law and the Economic Development Law to include this requirement.

Requires public corporations and agencies to notify minority- or women-owned businesses of reasons for unsuccessful contract bids.

The bill mandates that public corporations and agencies must provide written notice to minority- or women-owned businesses that did not win a contract, explaining why they were unsuccessful. This notice must be given within thirty days of the contract award. The bill amends sections of the Public Authorities Law and the Economic Development Law to include this requirement.