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

NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Engrossed.html
Senate Amendments in [ ] January 31, 2019
A BILL directing the Director of the Department of Small Business and Supplier Diversity to amend certain regulations related to [ micro certain small ] businesses.
Patron Prior to Engrossment--Senator 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 small ] businesses [ and any subcategory of small businesses established as part of an enhancement or remedial measure authorized by the Governor pursuant to subsection C of §2.2-4310 ] to provide that a business that is certified as a small business [ or any subcategory of 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 using full-time equivalents to determine number of employees ] .