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MS HB703

Bill

Official Source

Status

Failed

2/3/2026

Primary Sponsor

Jeffrey Hulum

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Requires the Public Procurement Review Board to adopt regulations setting aside at least 5% of anticipated annual expenditures for purchasing commodities from minority businesses, removing previous discretionary language
  • Expands eligibility for procurement set-asides to include businesses owned by veterans (as defined in 38 USCS 101(2)) and businesses owned by people with disabilities (as defined under the Americans with Disabilities Act)
  • Allows any agency or governing authority to set aside up to 20% of anticipated annual expenditures for purchases from minority, veteran-owned, and disability-owned businesses
  • Set-aside purchases must comply with all purchasing regulations and bid requirements, with awards going to the lowest and best qualifying bidder unless no qualifying bid exists or the qualifying bid exceeds the lowest bid by more than 2%

Legislative Description

Public purchasing laws; revise to include set asides for businesses owned by veterans and people with disabilities.

Last Action

Died In Committee

2/3/2026

Committee Referrals

Accountability, Efficiency, Transparency1/14/2026

Full Bill Text

No bill text available