California Code of Regulations
Title 5 - Education
Division 5 - Board of Trustees of the California State Universities
Chapter 1 - California State University
Subchapter 9 - Contracts and Purchases
Article 2 - Disabled Veteran Business Enterprise Participation Goal for Professional Bond Services
Section 43883 - Competitive Sales
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Notices. If bonds are to be sold by competitive bid, the notice of sale shall:
"Firms owned by disabled veterans are encouraged to respond to this invitation for bid. The Trustees have adopted regulations and a participation goal for professional bond services firms owned by disabled veterans. All bidders must certify awareness of these regulations and goal. Successful bidders will be required to submit reports to the Trustees concerning TBE outreach efforts and professional bond service participation in transactions related to the offer and sale of the bonds that are the subject of this notice of sale."
(b) Bids.
(c) Goals for Competitive Contract. The Trustees' annual goal for TBE participation in competitive contracts for professional bond services shall be 3 percent for disabled veteran business enterprises for each of the professional bond services. This goal need not be met in every competitive bond transaction but will be pursued on an aggregate annual basis considering all competitive bond transactions during a year. This goal will also be described in each notice of sale for bonds to be sold by competitive bid.
(d) Reports. The Senior Managing Underwriter in a competitive sale of bonds shall submit a written report regarding distribution of the underwriter's discount to the Trustees within 10 days of closing a transaction where the Senior Managing Underwriter's services were used.
1. New
section filed 2-7-91; operative 3-9-91 (Register 91, No. 33).
2.
Amendment of section and NOTE filed 11-19-93; operative 11-19-93 pursuant to
Government Code section
11346.2(d)
(Register 93, No. 47).
3. Amendment of section and NOTE filed
11-27-2001; operative 11-27-2001. Submitted to OAL for printing only pursuant
to Education Code section
89030.1
(Register 2002, No. 4).
Note: Authority cited: Section 89030, Education Code; and Section 999.5(b), Military and Veterans Code. Reference: Section 89036, Education Code; and Section 999 et seq., Military and Veterans Code.
