Bill > S06294

This bill requires the state comptroller to prepare and release an annual report that grades each state agency on its spending with minority and women-owned business enterprises (M/WBEs). The report will assign letter grades from A to F based on the agency's success in contracting with M/WBEs across different industries. Each agency's report will include detailed information such as the total eligible and actual M/WBE spending, the nature of the spending (like construction or services), and a comparison of spending over the previous four fiscal years. The grades will break down spending by specific demographic groups including Asian-American, Hispanic-American, Black-owned, and women-owned firms. Importantly, the report will focus on actual spending rather than just registered contract values. The bill is set to take effect on April 1st following its passage and will automatically expire on the same date that Article 15-A of the executive law expires. The goal of this legislation is to increase transparency and accountability in state agency spending with minority and women-owned businesses.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S6294