Bill > SB562

This bill creates new provisions relating to state contracts for minority and women's business enterprises (MBEs and WBEs). It defines key terms such as "certification," "minority business enterprise," and "women's business enterprise." The bill requires the Office of Administration to establish and implement a plan to increase and maintain the participation of certified socially and economically disadvantaged small business concerns or MBEs in state contracts. It also creates the Minority Business Enterprise and Women's Business Enterprise Oversight Review Committee to oversee and review a study on the availability of MBEs and WBEs in the marketplace. The bill sets forth specific duties for the committee, including compiling a database of certified MBEs and WBEs and establishing requirements for parties to state contracts to notify potential subcontractors who are certified MBEs and WBEs. The bill also authorizes the Office of Administration to enforce the requirements developed by the committee and to promulgate necessary rules. Finally, the new program created by the bill is subject to sunset provisions under the Missouri Sunset Act.