In this subtitle, “local small business enterprise” means a business enterprise that: has its principal place of operation in Montgomery County or Prince George’s County; and has been certified as a small business enterprise by a unit of county government that has jurisdiction over procurement in Montgomery County or Prince George’s County.

The Commission shall adopt procurement regulations consistent with the standards and methods for source selection provided in Title 13, Subtitle 1 of the State Finance and Procurement Article.

The Commission’s procurement regulations may establish a local small business enterprise program to encourage local small business enterprise participation in appropriate procurement activities. The regulations adopted in accordance with this section may include: procedures for reliable documentation of a business entity’s official designation by Montgomery County or Prince George’s County as a local small business enterprise; procedures to be followed by staff, prospective contractors, and successful bidders or offerors to maximize notice to, and the opportunity to participate in the procurement process by, a broad range of local small business enterprises; and provisions to: extend reasonable competitive preferences for local small business enterprises; establish procurement goals of utilization of local small business enterprises; and reserve particular procurement activities for local small business enterprises under appropriate circumstances.

On or before October 31 each year, the Commission shall report to the Montgomery County and Prince George’s County Delegations to the General Assembly, in accordance with § 2–1257 of the State Government Article, on the effectiveness of any local small business enterprise program established under this subtitle.