Requires the office of minority and women's business enterprises to identify state agencies and educational institutions: (1) In the lowest quintile of utilization of minority and women-owned contractors as a percentage of all contracts issued by the agency;

(2) In the lowest quintile of the dollar value awarded to minority and women-owned contractors as a percentage of the dollar value of all contracts issued by the agency; and

(3) That are performing significantly below their established goals, as determined by the office.

Establishes an investigation unit within the office for the purpose of detecting and investigating fraud and violations.