HB 185/FN/LM (BR 878) - B. Farmer, R. Palumbo, R. Damron, T. Thompson
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 government contracts over $500,000 to utilize Kentucky small businesses for at least 20% of their contract price or face 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.
Jan 3-introduced in House
Jan 4-to State Government (H)
Feb 2-posted in committee