Senate Bill 1025 Summary

• Adds Iran economic sanctions compliance requirement to state procurement procedures, requiring the department's solicitation and awards to comply with the Iran economic sanctions act.

• Authorizes the department to withdraw delegated procurement authority from state agencies that fail to comply with departmental directives or the Iran economic sanctions act.

• Establishes a 5% annual expenditure goal for awarding state construction, goods, and services contracts to qualified disabled veteran-owned businesses, with preference up to 10% of contract value.

• Requires annual reporting to legislature on disabled veteran participation in state procurement, including number of bidders, contract awards, total values, and recommendations on goal adjustments.

• Takes effect only upon enactment of Senate Bill 1024 of the 96th Legislature.