Relating to including certain veteran-owned businesses within the definition of a historically underutilized business for purposes of state contracting.
Impact
If enacted, SB390 will significantly impact the landscape of state contracting in Texas by leveling the playing field for veteran entrepreneurs. It addresses existing disparities faced by these businesses while simultaneously enhancing their visibility within state procurement circles. The bill underscores the state's commitment to supporting veteran businesses, which in turn could bolster local economies and encourage further participation of veterans in entrepreneurial ventures.
Summary
SB390 seeks to expand the definition of 'historically underutilized business' under Texas law to incorporate certain veteran-owned businesses. This amendment aims to facilitate greater access to state contracts for veterans, recognizing their unique contributions and challenges within the business landscape. By ensuring that veteran-owned businesses qualify as historically underutilized entities, the legislation serves to promote inclusivity and diversity in state procurement processes.
Sentiment
The sentiment surrounding SB390 is generally positive, as there is a collective recognition of the importance of supporting veterans' reintegration into civilian life, particularly through business ownership. Advocacy groups and many legislators perceive this as a crucial step for economic empowerment and acknowledge the need for targeted measures that address the barriers faced by veteran business owners. However, some concerns regarding the administrative effectiveness of implementing the changes may arise.
Contention
While the bill appears largely favorable, potential points of contention could center on the practicalities of certification and monitoring of veteran-owned businesses under this new definition. Critics may question the efficacy of the proposed amendments in genuinely enhancing opportunities for veterans, as well as the potential bureaucratic implications it might entail for both the businesses and state agencies responsible for overseeing compliance.
Same As
Relating to including certain veteran-owned businesses within the definition of a historically underutilized business for purposes of state contracting.
Relating to the consideration of ownership interests of certain persons in determining whether a business is a historically underutilized business for purposes of state contracting.
Relating to the consideration of ownership interests of certain persons in determining whether a business is a historically underutilized business for purposes of state contracting.
Relating to the consideration of ownership interests of certain persons with a disability in determining whether a business is a historically underutilized business for purposes of state contracting.
Relating to a prohibition against the consideration of race or ethnicity as a factor in governmental employment or contracting, in other governmental functions, and in higher education admissions.
Relating to the creation of a revolving loan program to fund the purchase by historically underutilized businesses of certain bonds required for public work contracts.
Relating to the creation of a revolving loan program to fund the purchase by historically underutilized businesses of certain bonds required for public work contracts.