Oklahoma SB1408 authorizes the State Purchasing Director to create a bid-preference program for eligible new corporations.
Oklahoma SB1408 defines "eligible new corporation" as any corporation operating for fewer than five years and validly licensed in the state. The bill authorizes the State Purchasing Director to prepare and implement a bid-preference program for competitive bids submitted by these corporations. The program will prioritize these corporations if the percentage of funds expended on them meets certain criteria. The bill also provides for codification and an effective date.
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