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OK SB1408
Bill
AI Summary
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Defines "eligible new corporation" as any corporation in operation for fewer than 5 years that is validly licensed in Oklahoma
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Directs the State Purchasing Director to create and implement a bid-preference program for eligible new corporations submitting competitive bids under the Oklahoma Central Purchasing Act or Public Competitive Bidding Act of 1974
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Requires the program to add a percentage to the lowest bid price if less than 10% of state funds are spent on eligible new corporations, allowing a new corporation to win the contract if its bid falls below the adjusted threshold
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Effective date: November 1, 2026
Legislative Description
State government; authorizing the State Purchasing Director to prepare a bid-preference program. Effective date.
Last Action
Second Reading referred to Retirement and Government Resources
2/3/2026