Department of Small Business and Supplier Diversity; definitions; small business. (SB1369)

Introduced By

Sen. Mark Obenshain (R-Harrisonburg) with support from co-patrons Sen. Creigh Deeds (D-Bath), and Sen. Emmett Hanger (R-Mount Solon)

Progress

✓	Introduced
✓	Passed Committee
☐	Passed House
☐	Passed Senate
☐	Signed by Governor
☐	Became Law

Description

Department of Small Business and Supplier Diversity; definitions; small business. Redefines "small business" for the purpose of programs for the Department of Small Business and Supplier Diversity to allow a cooperative association organized pursuant to Chapter 3 (Cooperative Associations) of Title 13.1 as a nonstock corporation to qualify as a small business if it is at least 51 percent independently controlled by one or more members who are U.S. citizens or legal resident aliens and, together with affiliates, has 250 or fewer employees or average annual gross receipts of $10 million or less averaged over the previous three years. The bill also redefines "small business" for the purpose of programs for the Virginia Public Procurement Act to allow a cooperative association organized pursuant to Chapter 3 (Cooperative Associations) of Title 13.1 as a nonstock corporation to qualify as a small business if it is controlled by one or more members who are U.S. citizens or legal resident aliens and, together with affiliates, has 250 or fewer employees or average annual gross receipts of $10 million or less averaged over the previous three years. Read the Bill »

Status

01/20/2021: passed committee

History

Date	Action
01/13/2021	Prefiled and ordered printed; offered 01/13/21 21101845D
01/13/2021	Referred to Committee on General Laws and Technology
01/20/2021	Impact statement from DPB (SB1369)
01/20/2021	Reported from General Laws and Technology (15-Y 0-N)