Plain English Breakdown
The official source does not provide specifics on the exact nature of the contract details required beyond mentioning a list of contracts involving subcontracts awarded to small businesses.
Small Business Liaison: Contract Information
This law requires state agencies with small business liaisons to submit annual reports containing specific subcontract details to the Office of Small Business Advocate, which must then post this information online.
What This Bill Does
- Requires each state agency's small business liaison to annually report contract information involving subcontracts given to small businesses to the Office of Small Business Advocate.
- Specifies that the reported information includes a list of all contracts with subcontracts awarded to small businesses.
- Directs the Office of Small Business Advocate to publish this contract information on their website.
Who It Names or Affects
- State agencies that have a small business liaison
- Small businesses receiving subcontract work from state agencies
Terms To Know
- small business liaison
- A person in a state agency who helps small businesses understand and follow rules.
- subcontract
- When a big company hires another smaller company to do part of their work.
Limits and Unknowns
- The bill does not specify how the posted information will be used or what consequences there are for non-compliance.
- It is unclear who will access this contract information and why.