2006 Code of Virginia § 2.2-1404.1 - Use of vendors identified by public institutions of higher education as small, women-, and minority...

2.2-1404.1. Use of vendors identified by public institutions of highereducation as small, women-, and minority-owned business enterprises.

For purposes of compliance with 2.2-4310, a public institution of highereducation that meets the conditions prescribed in subsection B of 23-38.88may procure goods, services, and construction from vendors identified by suchpublic institutions of higher education as small, women-, and minority-ownedbusiness enterprises that the institution has certified as such based oncriteria approved by the Department. An institution exercising the authoritygranted by this section shall establish and follow internal procedures andprocesses designed to verify whether or not a vendor qualifies to becertified as a small, women-, and minority-owned business enterprise underthe Department approved criteria and the certification requirements. Theinstitution shall notify the Department promptly of the certification, andshall provide the Department with a copy of its written certificationidentifying the vendor as a small, women-, and minority-owned businessenterprise and all application materials submitted by the vendor to theinstitution. Such certification shall remain in effect unless and until theDepartment notifies the institution that the vendor does not meet thecertification requirements.

An institution exercising authority granted under this section shall promptlymake available to the Department, upon request, copies of its procurementrecords, receipts, and transactions in regard to procurement from small,women-, and minority-owned business enterprises in order for the Departmentto ensure institution compliance with its approved criteria and thecertification requirements.

(2005, cc. 933, 945.)