Relates to a minority and women-owned business enterprise participation goal requirement in order to receive grant or appropriation money

This bill requires municipalities, school districts, and other local entities to meet minority and women-owned business participation goals when receiving state grants or appropriations for purchasing goods and services. It adds a new requirement to the state finance law, mandating compliance with existing goals under state law for all state-funded procurement, including subcontractors working with these local entities. The policy change directly affects how local governments and their contractors allocate state-funded contracts. Existing waiver options for applicants or recipients remain unaffected by this requirement.