New York S06317 authorizes political subdivisions to award public contracts to minority and women-owned business enterprises at a cost premium not.
New York S06317 amends the general municipal law to allow political subdivisions to award public contracts to participants of a minority and women-owned business enterprise program. The cost of such contracts can exceed the lowest bid by up to ten percent. This provision aims to address disparities in the availability and utilization of minority and women-owned businesses in contract awards. The act takes effect 30 days after becoming law.
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