S. 6313 aims to increase participation of minority and women-owned businesses in state contracts and subcontracts.

S. 6313 mandates quarterly reports from contracting agencies on minority and women-owned business enterprise participation. It outlines consequences for non-compliance, including independent audits and fines. The bill also addresses performance and payment bond requirements, allowing waivers under certain conditions. It establishes a directory of certified businesses and encourages mentorship opportunities to support these enterprises. The legislation seeks to maximize participation by minority and women-owned businesses in state contracts and subcontracts.

S. 6313 aims to increase participation of minority and women-owned businesses in state contracts and subcontracts.

S. 6313 mandates quarterly reports from contracting agencies on minority and women-owned business enterprise participation. It outlines consequences for non-compliance, including independent audits and fines. The bill also addresses performance and payment bond requirements, allowing waivers under certain conditions. It establishes a directory of certified businesses and encourages mentorship opportunities to support these enterprises. The legislation seeks to maximize participation by minority and women-owned businesses in state contracts and subcontracts.