§ 1899.521. Bids.

(a) The form for submitting bids shall contain the following certification which shall be executed by the bidder:

“TBE PARTICIPATION AND DVBE GOOD FAITH EFFORTS. Bidder certifies to all of the following:

(1) Bidder is aware of the Treasurer's regulations and participation goals for target business enterprises offering professional bond services.

(2) Bidder is aware that existing law requires the bidder to demonstrate a good faith effort (as defined in section 1899.501 of title 2 of the California Code of Regulations) toward the Treasurer's participation goals for disabled veteran-owned firms.

(3) Bidder is aware and acknowledges that if the Treasurer concludes that the bidder has not demonstrated a good faith effort, the Treasurer is authorized under existing laws to award the contract to the next lowest responsive and responsible bidder.”

(b) The senior managing underwriter may make the certification required by subdivision (a) on behalf of the syndicate or selling group.

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 A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 8-8-89.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.