Bill Text: VA SB1592 | 2019 | Regular Session | Prefiled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Small Business and Supplier Diversity, Department of; certification of a small business.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Vetoed) 2019-04-30 - Governor: Vetoed by Governor [SB1592 Detail]

Download: Virginia-2019-SB1592-Prefiled.html

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19101943D
SENATE BILL NO. 1592 Offered January 9, 2019 Prefiled January 9, 2019 A BILL directing the Director of the Department of Small Business and Supplier Diversity to amend certain regulations related to micro businesses. ---------- Patron-- Dunnavant ---------- Referred to Committee on General Laws and Technology ----------

Be it enacted by the General Assembly of Virginia:

1. §1. That the Director of the Department of Small Business and Supplier Diversity (the Director) shall amend its regulation regarding the certification of businesses as micro businesses to provide that a business that is certified as a small business pursuant to the small business certification program administered by the Director pursuant to subdivision 8 of § 2.2-1606 may be certified as a micro business if it, together with its affiliates, has 25 or fewer full-time equivalents and average annual gross receipts of $3 million or less averaged over the previous three years.