Duty of governing body of certain counties to report to Office of Economic Development concerning local emerging small businesses

1. The governing body or its authorized representative in a county whose population is 100,000 or more shall submit a report every 6 months to the Office. The report must include, without limitation, for the period since the last report: (a) The number of local emerging small businesses that the governing body or its authorized representative solicited to submit a response to the governing body or its authorized representative for a local purchasing contract; (b) The number of local emerging small businesses that submitted a response to the governing body or its authorized representative for a local purchasing contract; (c) The number of local purchasing contracts that were awarded by the governing body or its authorized representative to local emerging small businesses; (d) The total number of dollars’ worth of local purchasing contracts that were awarded by the governing body or its authorized representative to local emerging small businesses; and (e) Any other information deemed relevant by the Office. 2. The report required pursuant to subsection 1 must be submitted within 90 days after: (a) The end of each fiscal year; and (b) The end of each calendar year. 3. As used in this section: (a) “Local emerging small business” has the meaning ascribed to it in NRS 231.1402. (b) “Local purchasing contract” means a contract awarded pursuant to the provisions of this chapter for which the estimated cost is not more than $100,000. The term does not include a contract for which a procurement card is used. (c) “Office” means the Office of Economic Development. (d) “Procurement card” means a charge card issued to a governing body or its authorized representative for the purpose of purchasing goods and services pursuant to the provisions of this chapter.