Veterans Procurement Preference Signed Into Law - Fairclough's HB 24
Friday, June 04, 2010, Eagle River, Alaska – Representative Anna Fairclough, R-Eagle River, released the following statement today regarding the enactment of House Bill 24. The bill offers qualified veterans a five percent procurement preference up to $5000. Qualified veteran bidders under the new law must be a sole proprietorship owned by an Alaska veteran, or the majority partners of a company, LLC, or corporation are Alaska veterans. The preference may not exceed $5000 but can be cumulative to any other qualified preferences.
“The purpose of the State’s bidder preference is to encourage local industry and small business involvement for goods and services, and we believe it’s only right to allow veteran-owned businesses to participate. They’ve given and sacrificed so much in service to our state and country, so giving back to them is the right thing to do.”