TITLE: Relating to the awarding of state agency contracts to new businesses.

SUMMARY: Relating to the awarding of state agency contracts to new businesses.

FULL TEXT:
AN ACT relating to the awarding of state agency contracts to new businesses. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter B, Chapter 2155, Government Code, is amended by adding Section 2155.0735 to read as follows: Sec. 2155.0735. PARTICIPATION BY NEW BUSINESSES IN STATE PURCHASING. (a) In this section, "new business" means a business in operation for less than five years with its principal place of business in this state. (b) The comptroller shall make reasonable efforts to increase the number of contracts for the purchase of goods or services awarded by state agencies to new businesses to at least five percent of awarded contracts in a state fiscal year. SECTION 2. This Act takes effect September 1, 2023.