09RS HB339

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

AN ACT relating to state procurement.
Create a new section in KRS Chapter 45A to give preference to Kentucky small businesses in government contracts over the small purchase limit; require contractors with government contracts over $500,000 to utilize Kentucky small businesses for at least 20% of their contract price or face a 5% contract price penalty; require the Finance and Administration Cabinet to report utilization of Kentucky small businesses, women-owned businesses, minority-owned businesses, and veteran-owned businesses in state contracts; amend various sections of KRS Chapter 45A to conform.

Feb 9-introduced in House
Feb 10-to Economic Development (H)

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