input: [Bill #] HB12-1112 [Short Title] State Economic Impact As Procurement Factor [Sponsors] RYDEN [Most Recent Status] 02/15/2012 House Committee on State, Veterans, & Military Affairs Postpone Indefinitely [Calendar Notification] NOT ON CALENDAR [News Links] No news items found [Bill Summary] 
output: The bill creates the economic impact rating system advisory board (advisory board) in the office of economic development (office). The board consists of 11 voting members with specific qualifications appointed by the governor and 5 ex officio nonvoting members. The advisory board is charged with analyzing the feasibility of establishing an economic impact rating system (system), which measures a company's economic impact in the state. The advisory board is required to annually report to legislative committees on the status of the system. If the system is feasible, the advisory board will assist the office in the development of the system. The system must be designed to allow a company to input information about its operations and connections to the state, and the information will be used to generate a state economic impact rating. To the extent possible, the office is required to design the system so that a company may access it on-line. The office is required to notify the executive director of the department of personnel when an operational system has been developed. Once the system is operational, the state economic impact rating is to be used for proposals solicited through a request for proposals. A state purchasing director or the head of the purchasing agency is required to use the state economic impact rating as an evaluation factor in determining which offeror's proposal is most advantageous to the state. An offeror that responds to a request for proposals is not required to submit its state economic impact rating. The only source of funding for the system is from the newly created economic impact rating system cash fund, which consists of gifts, grants, or donations. Moneys in the fund are continuously appropriated to the office for the system.