SB263

Virginia SB263 mandates certification for service disabled veteran-owned businesses and requires public bodies to award at least 1% of contract.

Virginia SB263 amends the Virginia Public Procurement Act to mandate certification for service disabled veteran-owned businesses and requires public bodies to award at least 1% of their contract dollars to such businesses. It also mandates that public bodies with procurement expenditures exceeding $10 million designate a Veteran Business Procurement Liaison. The bill further establishes a Small, Women-owned, and Minority-owned Business Loan Fund to provide loans to eligible businesses.