Bill > S04363

This bill amends both the state finance law and the general municipal law to establish new reporting requirements for contractors working on public projects involving minority and women-owned businesses (MWBEs). Specifically, if a contractor who has subcontracted with or formed a joint venture with MWBEs terminates their contractual relationship before the project's completion, they must report this change within seven calendar days to both the public project owner and the division of minority and women's business development. Failure to report the relationship change within the specified timeframe will result in a fine, with the specific amount to be determined by the director of the division of minority and women's business development. The purpose of this legislation appears to be increasing transparency and accountability in contractual relationships with minority and women-owned businesses on public work projects, ensuring that any disruptions in these partnerships are promptly documented and potentially investigated. The bill takes effect immediately upon enactment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S4363