House Bill 212 Summary

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

• Prohibits individuals within the second degree of kinship to a minority business owner from being eligible as a party to any new purchasing contracts with the same agency or governing authority.

• Defines "minority business" as a business owned by a majority of United States 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 purchases from minority businesses, subject to all applicable bidding and purchasing regulations.

• Effective date: July 1, 2012.