NY S07786

Amends State Finance Law to require state agencies to consider a qualitative factor favoring "New York based vendors" in contract evaluations, defined as entities with primary business presence in New York State, at least 50% of gross revenues from in-state business activity, and at least 51% of full-time equivalent employees in New York State.

Requires state agencies to award development project contracts (construction, reconstruction, rehabilitation, or improvement) to the lowest-bidding New York based vendor if their bid is not more than 5% above the lowest non-New York vendor bid, with cost thresholds of $1 million in NYC counties, $500,000 in Nassau/Suffolk/Westchester, and $250,000 in other counties.

Extends New York vendor preferences to the Thruway Authority for gas stations, restaurants, and other public facilities contracts exceeding $250,000, and to SUNY construction contracts for dormitories and institutional facilities.

Creates a new section requiring all public authorities and public benefit corporations with majority gubernatorial-appointed members to apply the same New York vendor preferences to construction and development contracts using competitive bidding.

Applies New York vendor preferences to education law construction projects using the same cost thresholds and 5% bid differential standard as state agency contracts.