Declares that the joint legislative audit and review committee shall conduct a comprehensive study that examines the office of minority and women's business enterprises. Specifically, the study shall include: (1) What policies, procedures, or programs have been established by the office of minority and women's businesses and other state agencies to implement Initiative Measure No. 200 and Governor Directive 98-01?

(2) How does the role of the office of minority and women's business enterprises and its interaction with state agencies prior to the passage of Initiative Measure No. 200 compare to its role and interaction after the initiative became law?

(3) Analyze the trends in certification and hiring of minority and women-owned businesses by state and local agencies from 1997 to the present.

(4) To what extent have the office of minority and women's business enterprises programs contributed to the certification of minority and women's business enterprises? Are there efficiencies to allowing nongovernmental organizations to oversee certification instead of the office of minority and women's business enterprises?

(5) What practices do other governmental organizations use for outreach and recruitment of minority and women-owned business enterprises?

(6) Evaluate the participation of agencies in the governor's supplier diversity directive.