HI HB1120

Adds five new definitions to Hawaii's procurement code: "service-connected disability," "service-disabled veteran," "service-disabled veteran-owned small business," "veteran," and "veteran-owned small business."

Defines veteran-owned small business as a small business at least 51% owned by veterans living in Hawaii with home office in the state, verified annually by the chief procurement officer.

Defines service-disabled veteran-owned small business as a small business at least 51% owned by service-disabled veterans living in Hawaii with home office in the state, verified annually by the chief procurement officer.

Establishes procurement goals requiring that of the 20% of annual state purchasing awarded to small businesses, at least 25% be awarded to veteran-owned small businesses and at least 40% be awarded to service-disabled veteran-owned small businesses.

Allows veteran-owned and service-disabled veteran-owned small businesses to qualify for multiple preferences under the procurement code, with this provision operating as an additional preference when businesses qualify for more than one.