BILL ANALYSIS Ó AB 1960 Page 1 Date of Hearing: April 25, 2012 ASSEMBLY COMMITTEE ON APPROPRIATIONS Felipe Fuentes, Chair AB 1960 (Dickinson) - As Amended: March 27, 2012 Policy Committee: Business and Professions Vote: 6-2 Urgency: No State Mandated Local Program: No Reimbursable: SUMMARY This bill requires the Department of General Services (DGS) to annually report on participation in state contracts by lesbian, gay, bisexual, or transgender-owned (LBGT-owned) businesses, commencing January 1, 2013. FISCAL EFFECT DGS will incur one-time costs of $20,000 to update forms and reporting instructions and annual costs of $35,000 for outreach to departments and compiling and reporting of the required data. ÝService Revolving Fund] COMMENTS Purpose . According to the author, "Currently, the level of participation of business enterprises by race, gender, and ethnicity of a contractor is collected by DGS and annually reported. AB 1960 would add LGBT-owned businesses to the list?This is information that has the ability to show the extent to which this essential segment of society drives the state economy." Current law requires DGS to report annually on the participation levels in state contracts of small businesses that include the owner's race, ethnicity, and gender. Analysis Prepared by : Chuck Nicol / APPR. / (916) 319-2081 AB 1960 Page 2