§ 1899.520. Notices.

If bonds are to be sold by competitive bid, the notice of sale shall:

(a) Be delivered to all underwriters on the Treasurer's TBE List;

(b) Contain the following statement:

“Firms owned by minorities, women, and disabled veterans are encouraged to respond to this invitation for bid.

The Treasurer has adopted regulations and participation goals for professional bond services firms owned by minorities, women and disabled veterans. These participation goals are set forth in title 2 of the California Code of Regulations in section 1899.522. All bidders must certify awareness of these regulations and goals and that a good faith effort was made to comply with the Treasurer's DVBE participation goals. Successful bidders will be required to submit reports to the Treasurer 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.”

HISTORY

1. New section filed 4-10-89 as an emergency; operative 4-10-89 (Register 89, No. 15). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 8-8-89.

2. Certificate of Compliance transmitted to OAL 8-8-89 and filed 9-7-89 (Register 89, No. 40).

3. Amendment filed 6-19-91; operative 6-19-91 (Register 91, No. 42).

Note

Note: Authority cited: Section 16853, Government Code; Sections 999.4 and 999.5, Military and Veterans Code. Reference: Section 16852, Government Code; Sections 999-999.5, Military and Veterans Code.