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MN HF3881
Bill
Status
3/2/2026
Primary Sponsor
Bianca Virnig
Click for details
AI Summary
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Metropolitan Council and specified agencies may award bid preferences and designate contracts for small businesses, small targeted group businesses, and veteran-owned small businesses, with contracts reserved when at least three qualifying businesses are likely to respond
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Prime contractors must pay subcontractors within 10 days of receiving payment, with 1.5% monthly interest penalties on late undisputed amounts and a $10 minimum penalty for balances of $100 or more
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At least 75% of subcontract value awarded to small targeted group businesses or veteran-owned small businesses must be performed by the awarded business or another qualifying business
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Metropolitan Council must submit an annual report to the legislature by February 1 detailing small business program activities, preference usage, subcontracting goals, and any financial incentives or sanctions imposed
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Repeals Minnesota Statutes section 473.144, which required businesses with more than 40 full-time employees to have an approved affirmative action plan before receiving contracts over $100,000
Legislative Description
Small business contracting requirements modified, report to the legislature on compliance required, and compliance plan requirements for certain public contracts over a threshold amount repealed.
Last Action
Introduction and first reading, referred to Elections Finance and Government Operations
3/2/2026