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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
HOUSE BILL 2111 By: Pae
AS INTRODUCED
An Act relating to state government; requiring a
percentage of state contrac ts to be awarded to
certain businesses; authorizing the State Purchasing
Director to prepare a bid-preference program;
defining term; providing for codification; and
providing an effective date .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A ne w section of law to be codified
in the Oklahoma Statutes as Section 85.49 of Title 74, unless there
is created a duplication in numbering, reads as follows:
A. Beginning on July 1, 2024, five per cent (5%) of all state
contracts shall be awarded to busines ses that have been in operation
for less than five (5) years.
B. For competitive bids submitted to the state pursuant to the
Oklahoma Central Purchasing Act or pursuant to the Public
Competitive Bidding Ac t of 1974 by eligible new corporations, the
State Purchasing Director shall prepare and implement a bid-
preference program. The program shall require that if the
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percentage of such funds expended on eligible new corporations is
less than ten percent (10% ), a percentage shall be added to the
price of the lowest bid, and if the eligible new corporation submits
a bid that falls below the lowest bid plus the percentage, it sha ll
receive the contract. As used in this subsection, "eligible new
corporation" means a corporation validly licensed as provided in the
applicable laws of this state on an d after the effective date of
this act.
SECTION 2. This act shall become effecti ve January 1, 2024.
59-1-5335 LRB 01/04/23