1. (a) For purposes of this section, the following terms shall have the following meanings:

   1. (1) MINORITY INDIVIDUAL. An individual who is a citizen or lawful permanent resident of the United States, and who is any of the following:

      1. a. African American: An individual having origins in any of the black racial groups of Africa.
      2. b. Hispanic: An individual of Mexican, Puerto Rican, Cuban, Central or South American, or other Spanish culture or origin, regardless of race.
      3. c. Asian American: An individual having origins in any of the original peoples of the Far East, Southeast Asia, the Indian subcontinent, or the Pacific Islands.
      4. d. Native American: An individual having origins in any of the original peoples of North America.

   2. (2) MINORITY-OWNED BUSINESS. A for-profit business that is headquartered or has its principal place of business in the state, and that is any or either of the following:

      1. a. An independently owned and operated business that is at least 51 percent owned or controlled by one or more minority individuals, a majority of whom have their permanent place of residence in the state.
      2. b. A publicly owned business of which at least 51 percent of the stock is owned and controlled by one or more minority individuals and whose daily management and operations are under the control of one or more of these minority individuals, a majority of whom have their permanent place of residence in the state.
   3. (3) SMALL BUSINESS. A for-profit business that is headquartered or has its principal place of business in the state; that is independently owned and operated; and that employs no more than 50 individuals on a full-time basis, a majority of whom have their permanent place of residence in the state.
   4. (4) SMALL OR DISADVANTAGED BUSINESS. A small business, a minority-owned business, or a woman-owned business that is licensed to do business in the state.

   5. (5) WOMAN-OWNED BUSINESS. A for-profit business that is headquartered or has its principal place of business in the state, and that is any or either of the following:

      1. a. An independently owned and operated business that is at least 51 percent owned or controlled by one or more women, a majority of whom have their permanent place of residence in the state.
      2. b. A publicly owned business of which daily management and operations are under the control of a woman or group of women, a majority of whom have their permanent place of residence in the state and who own and control at least 51 percent of the stock of the business or an equivalent ownership stake.

2. (b) The Chief Procurement Officer shall make reasonable efforts to do all of the following:

   1. (1) Obtain from the Secretary of State, the Department of Workforce, and other available sources information regarding the small and disadvantaged businesses operating in the state, and maintain a database of the information received.
   2. (2) Identify and record the goods or services that may reasonably be purchased by the state from the small or disadvantaged businesses operating in the state.
   3. (3) Determine what proportion of procurement contracts under this article are awarded to the small and disadvantaged businesses in the state based upon the records and information obtained by the Chief Procurement Officer.

3. (c)

   1. (1) The Chief Procurement Officer, by the end of February of each year, shall provide to the Contract Review Permanent Legislative Oversight Committee a summary of the information and data gathered under this section.
   2. (2) The Chief Procurement Officer and the Secretary of State, upon request, shall provide data collected and maintained under this section to the Legislative Services Agency.

(Act 2021-223, §1.)