TO: | Honorable José Menéndez, Chair, House Committee On Defense & Veterans' Affairs |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB194 by Farias (Relating to considering ownership interests of certain disabled veterans in determining whether a business is a historically underutilized business for purposes of state contracting.), As Introduced |
The bill would amend Chapter 2161 of the Government Code to add veterans with a service-connected disability to the definition of an "economically disadvantaged person" for the purpose of identifying a historically underutilized business (HUB). The bill would also require the categorization of HUBs included in a report under Subchapter C of Chapter 2161 to include businesses owned or owned, operated and controlled by disabled veterans, in addition to existing categorizations by sex, race and ethnicity. The Comptroller of Public Accounts estimates there would be a cost to processing additional applications for certification of HUBs. However, it is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | UP, KJo, EP, LCO, KKR
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