Kentucky Administrative Regulations
Title 200 - FINANCE AND ADMINISTRATION CABINET
Chapter 5 - Purchasing
Section 200 KAR 5:076 - Small and small minority business set asides
Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO: KRS 45A.675, 45A.680, 13 C.F.R. 121.201
NECESSITY, FUNCTION, AND CONFORMITY: KRS 45A.665(4) requires the Finance and Administration Cabinet to define "small or small minority business". KRS 45A.670 authorizes the Finance and Administration Cabinet to promulgate administrative regulations defining standards regarding the classifications and definitions for small and small minority business as they relate to KRS 45A.665 to 45A.685. This administrative regulation establishes standards for small and small minority business set asides in contracts issued by the Commonwealth of Kentucky.
Section 1. Definitions.
Section 2. Capital Construction Projects. Highly technical and single source projects shall be exempt from the small business and small minority business set aside designation. Single or limited trade projects estimated to cost $10,000 or less, and multitrade projects estimated to cost $25,000 or less, may be designated as small business and small minority business set asides.
Section 3. Certification. A bidder submitting a bid in response to a solicitation designated as a small business or small minority business set aside shall certify as a part of the bid, that the bidding firm is a small business or small minority business as defined in Section 1 of this administrative regulation. The bidder shall supply any information requested by the purchasing agency for the purpose of verifying the bidder's eligibility for the set aside designation.
STATUTORY AUTHORITY: KRS 45A.665, 45A.670