New York A07125 mandates that public contracts be categorized by size to boost participation of small businesses, including minority-owned and.
New York A07125 amends the state finance law to require public contracts to be divided into large, medium, small, and micro contracts. This aims to increase opportunities for small businesses, including minority-owned and women-owned enterprises, to participate in state contracts. The commissioner or state agency must endeavor to categorize contracts by size to facilitate this participation. The act takes effect 60 days after becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.