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CT SB00002
Bill
Status
Passed
6/9/2016
Primary Sponsor
Veterans' Affairs Committee
Click for details
AI Summary
- Amends state procurement rules to allow a price preference of up to 15 percent for veteran-owned micro businesses, compared to up to 10 percent for other micro businesses (effective October 1, 2016)
- Defines "veteran-owned micro business" as a micro business where at least 51 percent of ownership is held by one or more veterans as defined in section 27-103
- Maintains existing definition of "micro business" as a business with gross revenues not exceeding $3 million in the most recently completed fiscal year
- Requires state agencies to include price as an explicit factor when awarding contracts through competitive negotiation
Legislative Description
An Act Supporting Veteran-owned Small Businesses.
Last Action
Signed by the Governor
6/9/2016
Committee Referrals
Government Administration and Elections4/6/2016
Select Committee on Veterans' Affairs2/3/2016
Full Bill Text
No bill text available