MS SB2749

Requires each state agency to set aside 5% of its anticipated annual expenditures for contracts with small businesses.

Defines "small business" as any commercial enterprise with fewer than 100 full-time employees, less than $2,000,000 in net worth, or less than $350,000 in net annual profit after taxes.

All small business set-aside purchases must comply with state purchasing regulations and competitive bidding requirements, with purchases requiring competitive bids made from the lowest and best small business bidder.

Applies to all contracts subject to Mississippi's public purchasing laws covering commodities, printing, garbage/waste collection, sewage disposal, public construction, and equipment rentals.

Takes effect July 1, 2012.