Texas 2015 - 84th Regular

Texas Senate Bill SB1962 Compare Versions

Only one version of the bill is available at this time.
OldNewDifferences
11 84R11867 MTB-F
22 By: Hinojosa S.B. No. 1962
33
44
55 A BILL TO BE ENTITLED
66 AN ACT
77 relating to the awarding of certain contracts of the Veterans' Land
88 Board to veteran-owned businesses.
99 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1010 SECTION 1. Section 161.131, Natural Resources Code, is
1111 amended to read as follows:
1212 Sec. 161.131. MINORITY-OWNED AND VETERAN-OWNED BUSINESSES.
1313 (a) The board shall make a good faith effort to award to both
1414 minority-owned and veteran-owned businesses:
1515 (1) contracts relating to the issuance of bonds by the
1616 board under this chapter in the amount of at least 20 percent of the
1717 total costs of issuing those bonds; and
1818 (2) contracts for the items to be financed by bonds
1919 issued by the board in the amount of at least 20 percent of the
2020 proceeds of those bonds.
2121 (b) [(c)] In this section:
2222 (1) "Minority-owned business" means a business entity
2323 at least 51 percent of which is owned by members of a minority group
2424 or, in the case of a corporation, at least 51 percent of the shares
2525 of which are owned by members of a minority group, and that is
2626 managed and controlled by members of a minority group in its daily
2727 operations.
2828 (2) "Minority group" includes:
2929 (A) African Americans;
3030 (B) American Indians;
3131 (C) Asian Americans; and
3232 (D) Mexican Americans and other Americans of
3333 Hispanic origin.
3434 (3) Notwithstanding Section 161.001(a)(7) or (b),
3535 "veteran" means a veteran, as defined by 38 U.S.C. Section 101(2),
3636 who has suffered at least a 20 percent service-connected
3737 disability, as defined by 38 U.S.C. Section 101(16).
3838 (4) "Veteran-owned business" means a business entity
3939 at least 51 percent of which is owned by veterans or, in the case of
4040 a corporation, at least 51 percent of the shares of which are owned
4141 by veterans, and that is managed and controlled by veterans in its
4242 daily operations.
4343 SECTION 2. This Act applies only to a contract for which a
4444 state agency first advertises or otherwise solicits bids,
4545 proposals, offers, or qualifications on or after the effective date
4646 of this Act.
4747 SECTION 3. This Act takes effect September 1, 2015.