HB4910 Summary

• Creates the Not-for-Profit Business Enterprise Act to establish certification and contract preferences for minority-led, woman-led, and disability-led not-for-profit organizations in state contracting.

• Sets an aspirational goal of at least 10% of total state contract dollars awarded to eligible not-for-profit organizations, calculated by contract type and state agency annually.

• Requires the Business Enterprise Council to devise certification procedures and maintain a list of qualified not-for-profit organizations in the three designated categories.

• Mandates that state agencies and public institutions of higher education submit annual compliance plans to the Business Enterprise Council outlining contracting goals and timelines for working with eligible not-for-profit organizations.

• Amends the Public Utilities Act to include minority-led, woman-led, and disability-led not-for-profit organizations in supplier diversity goal reporting requirements for gas, electric, water, and energy companies.