Creates provisions relating to veteran preferences for contracts

HB 714 creates a three-point bonus preference for veteran-owned businesses when state agencies and local governments award contracts in Missouri. It defines "honorably discharged veteran-owned enterprises" (including sole proprietorships, partnerships, or corporations where veterans own at least 51% and control operations) and "service-disabled veteran businesses" similarly. The bill requires state entities to give this bonus preference to qualifying Missouri-based veteran businesses bidding on contracts, with a goal of awarding 3% of such contracts to these businesses. If no qualified veteran-owned businesses bid on a contract, the preference requirement does not apply.