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AR HB1660

AR HB1660
Concerning A Report By The Director Of The Arkansas Economic Development Commission Concerning Contracts Awarded To Businesses In Operation Less Than Five Years.


summary

Introduced
03/16/2023
In Committee
03/31/2023
Crossed Over
03/30/2023
Passed
Dead
05/01/2023

Introduced Session

94th General Assembly (2023 Regular)

Bill Summary

AN ACT CONCERNING A REPORT BY THE DIRECTOR OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION CONCERNING CONTRACTS AWARDED TO BUSINESSES IN OPERATION LESS THAN FIVE YEARS; AND FOR OTHER PURPOSES.

AI Summary

This bill requires the Director of the Arkansas Economic Development Commission to file an annual report on state contracts awarded to businesses that have been in operation for less than five years. The report must include the number and total dollar amount of such contracts, the percentage of the total number and total dollar amount of state contracts awarded to these businesses, and recommendations on improving access to state contracts for Arkansas businesses that have been in operation for less than five years, including those in underrepresented demographic segments and geographic areas. The first annual report is due by January 1, 2025.

Committee Categories

Agriculture and Natural Resources, Business and Industry

Sponsors (3)

Last Action

Died in Senate Committee at Sine Die adjournment. (on 05/01/2023)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Small Business
Government Operations
  • ‐ Government Procurement and Contracting

bill text


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