Increases participation of certified minority and women-owned business enterprises in state contracts; requires quarterly reports from contracting.

New York A07150 aims to enhance participation of certified minority and women-owned business enterprises (MWBEs) in state contracts and subcontracts. It mandates quarterly reports from contracting agencies detailing MWBE participation levels and efforts to promote employment of minority group members and women. The bill outlines consequences for non-compliance, including independent audits and potential fines. It also addresses performance and payment bond requirements, allowing waivers for certain contracts.

Increases participation of certified minority and women-owned business enterprises in state contracts; requires quarterly reports from contracting.

New York A07150 aims to enhance participation of certified minority and women-owned business enterprises (MWBEs) in state contracts and subcontracts. It mandates quarterly reports from contracting agencies detailing MWBE participation levels and efforts to promote employment of minority group members and women. The bill outlines consequences for non-compliance, including independent audits and potential fines. It also addresses performance and payment bond requirements, allowing waivers for certain contracts.