Ark. Code § 15-4-315

Current with legislation from 2024 effective through May 3, 2024.
Section 15-4-315 - Small procurements

To assist the state in ensuring that the percentages of the total amount expended in state-funded and state-directed public construction programs and procurement of commodities and services for the state each fiscal year under § 15-4-302 are paid to minority business enterprises and women-owned business enterprises under this subchapter, a procurement that does not exceed two (2) times the amount stated in § 19-11-204(13) may be procured without seeking competitive bids or competitive sealed bids if the procurement is with a certified minority business enterprise or certified women-owned business enterprise.

Ark. Code § 15-4-315

Added by Act 2017, No. 1080,§ 2, eff. 8/1/2017.