Relating to public improvement contract preferences for construction materials sourced in this state; prescribing an effective date.

Permits contracting agencies to grant a preference in awarding a public improvement contract to a benefit company organized in this state and with a majority of the benefit company's employees located in this state, or to prospective contractors that fabricate or process construction materials in this state, if the increase in the cost of the construction materials does not exceed a specified percentage. Takes effect on the 91st day following adjournment sine die.