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OK HB2382
Bill
Status
2/1/2016
Primary Sponsor
Regina Goodwin
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AI Summary
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Creates the Oklahoma Disadvantaged Business Enterprises Act of 2016 to establish preferences for minority and women-owned businesses in state highway construction contracts
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Defines disadvantaged business enterprises as for-profit small businesses with at least 51% ownership by socially and economically disadvantaged individuals, including African Americans, Hispanics, Native Americans, Asian Pacific Americans, and women
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Sets eligibility thresholds: individual net worth no more than $1,320,000 and business gross receipts no more than $22,410,000 annually
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Requires the Department of Transportation to implement a certification process, establish annual contract goals for disadvantaged businesses, and create a competitive bidding process that awards contracts to the lowest qualified bid from prequalified enterprises
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Effective date of November 1, 2016
Legislative Description
Roads and bridges; creating Oklahoma Disadvantaged Business Enterprises Act of 2016; state highway system construction contracts; effective date.
Last Action
Referred to Appropriations and Budget Transportation Subcommittee
2/2/2016