HB4790 - Relating to including certain veteran-owned businesses within the definition of a historically underutilized business for purposes of state contracting.

  89R2829 RDS-D     By: Spiller H.B. No. 4790       A BILL TO BE ENTITLED   AN ACT   relating to including certain veteran-owned businesses within the   definition of a historically underutilized business for purposes of   state contracting.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2161.001(2), Government Code, is amended   to read as follows:                (2)  "Historically underutilized business" means an   entity with its principal place of business in this state that is:                      (A)  a corporation formed for the purpose of   making a profit in which 51 percent or more of all classes of the   shares of stock or other equitable securities are owned by one or   more economically disadvantaged persons who have a proportionate   interest and actively participate in the corporation's control,   operation, and management;                      (B)  a sole proprietorship created for the purpose   of making a profit that is completely owned, operated, and   controlled by an economically disadvantaged person;                      (C)  a partnership formed for the purpose of   making a profit in which 51 percent or more of the assets and   interest in the partnership are owned by one or more economically   disadvantaged persons who have a proportionate interest and   actively participate in the partnership's control, operation, and   management;                      (D)  a joint venture in which each entity in the   venture is a historically underutilized business, as determined   under another paragraph of this subdivision; [ or ]                      (E)  a supplier contract between a historically   underutilized business as determined under another paragraph of   this subdivision and a prime contractor under which the   historically underutilized business is directly involved in the   manufacture or distribution of the goods or otherwise warehouses   and ships the goods ; or                       (F)     a small business concern owned and controlled   by veterans that is certified as a veteran-owned small business by   the United States Small Business Administration .          SECTION 2.  This Act takes effect September 1, 2025.