§ 37-14.3-4. Veteran-owned small business enterprise participation. (a) The state's annual goal for veteran-owned small business enterprises to participate in state procurements shall be no less than three percent (3%) of the total value of all contracts available to businesses in each fiscal year. The director of the department of administration is authorized and directed to establish by rules and regulations formulas for giving veteran-owned small business enterprises a preference in all procurements and public works projects and in contract and subcontract awards.
(b) The director of the department of administration is further authorized to establish, by rules and regulations adopted in accordance with chapter 35 of title 42, compliance formulas, procedures for implementation, and procedures for enforcement.
History of Section. (P.L. 2017, ch. 116, § 1; P.L. 2017, ch. 136, § 1.)
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