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Bill > HB850


MD HB850

State Procurement - Small Business Preference Procurement


summary

Introduced
02/02/2024
In Committee
04/03/2024
Crossed Over
03/16/2024
Passed
04/05/2024
Dead
Signed/Enacted/Adopted
05/09/2024

Introduced Session

2024 Regular Session

Bill Summary

Requiring each procurement unit to establish a price preference for small businesses; and designating the Board of Public Works as the regulatory authority for the Small Business Preference Program.

AI Summary

This bill requires each procurement unit of the executive branch of the Maryland state government to establish a price preference for small businesses when awarding contracts, with additional preferences for veteran-owned and disabled veteran-owned small businesses. The Board of Public Works is designated as the regulatory authority for the Small Business Preference Program, which includes establishing procedures for compiling a list of small businesses, locating potential sources, and simplifying procurement specifications to increase small business participation.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (31)

Last Action

Approved by the Governor - Chapter 653 (on 05/09/2024)

bill text


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