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5.05    Targeted Small Business (681 IAC 7.7, Iowa Code §§ 73.15-73.21))

Procurement Goal Program

It is the policy of the Board of Regents, State of Iowa, to provide contract opportunities to targeted small businesses (TSB's). Institutions governed by the Board of Regents shall seek, pursuant to the Iowa Targeted Small Business Procurement Act, 1989 Iowa Acts Chapter 315, Section 20, Iowa Code § 73, and Board policy, to contract with "targeted small businesses" as sources of supplies, equipment, construction, and services. All laws and rules pertaining to solicitations, bid evaluations, and contract awards apply to targeted small businesses. Particular attention should be given to considering Targeted Small Businesses for negotiated contracts (purchases under the bid limit) consistent with Iowa Code § 73.19. 

Targeted Small Business procedures established by the Board of Regents, State of Iowa, are contained in the 681 IAC 7.7.