MS HB900

Allows minority business owners to renegotiate new purchasing contracts with agencies or governing authorities upon expiration of original contracts if the contract did not expire due to breach by either party.

Disqualifies individuals within the second degree of kinship to a minority business owner from being eligible to be a party to any new or later purchasing contracts with the same agency or governing authority that the owner contracts with.

Defines "minority business" as a business owned by a majority of U.S. citizens or permanent resident aliens who are Asian, Black, Hispanic, or Native American.

Permits agencies and governing authorities to set aside up to 20% of anticipated annual expenditures for purchasing from minority businesses, with all set-aside purchases subject to existing bidding requirements and regulations.

Takes effect July 1, 2011.