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NY S06313
Bill
Status
3/10/2025
Primary Sponsor
James Sanders
Click for details
AI Summary
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Increases reporting requirements from periodic to quarterly for contracting agencies on minority and women-owned business enterprise (MWBE) participation, including number of contracts awarded, dollar amounts obligated, and total expenditures
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Requires contractors to submit utilization plans and equal employment opportunity programs at the time bids are submitted rather than after bid opening, and mandates quarterly compliance reports
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Establishes specific violations for misusing MWBE names to negotiate lower bids, submitting false good faith effort documentation, and failing to provide MWBEs with sufficient information to prepare proper bids
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Allows performance and payment bonds to be dispensed with for contracts under $500,000 when awarded to small business concerns or minority/women-owned business concerns, up from the standard $100,000-$200,000 thresholds
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Expands reporting requirements to include "state assisted project contracts" involving tax-exempt financing from agencies like the Housing Finance Agency, Dormitory Authority, and Urban Development Corporation for projects exceeding $2 million
Legislative Description
Relates to increased participation in state contracts and subcontracts by certified minority and women-owned business enterprises; requires quarterly reports from contracting agencies; addresses consequences if contracting agency fails to comply with reporting requirements; relates to certain performance and payment bond requirements.
Last Action
REFERRED TO PROCUREMENT AND CONTRACTS
1/7/2026