2017 Session

Budget Amendments - HB1500 (Conference Report)

View Budget Item
View Budget Item amendments

Period of Certification for SWaM-certified Businesses (language only)

Item 123 #2c

Item 123 #2c

Commerce and Trade
Department of Small Business and Supplier Diversity


Page 104, after line 48, insert:

G. Notwithstanding §§ 7VAC10-21-310, 7VAC10-21-320, or 7VAC10-21-330 of the Virginia Administrative Code, or any other provision of law, any business certified on or after July 1, 2017, by the Virginia Department of Small Business and Supplier Diversity or the Virginia Department of Minority Business Enterprise as a small, women-owned, or minority-owned business, shall be certified for a period of five years unless (i) the certification is revoked before the end of the five-year period, (ii) the business ceases operation, or (iii) the business no longer qualifies as a small, women- or minority-owned business.”


(This amendment extends the period of certification for small, women-owned, or minority-owned (SWaM) businesses from three years to five years.)