4.174 Administration & Finance PURCHASING - MINORITY AND FEMALE-OWNED BUSINESSES Date Adopted/Most Recent Revision: 5/12/95
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- General
- Midwestern State University conducts purchasing practices in the public interest seeking to serve no private person or private segment of the public to the disadvantage of another; however, the University is dedicated to the policy of pursuing open market purchases and business contracts with minority and female-owned small businesses at every available opportunity.
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- Separate Bid List
- A separate bidders list will be maintained by the Office of Business Services for the specific purpose of soliciting bids from minority and female-owned small businesses.
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- Definition
- A minority-owned business is defined by the Texas Department of Commerce as follows:
- A corporation formed for the purpose of making a profit in which at least fifty-one percent (51%) of all classes of the shares of stock or other equitable securities are owned by one (1) or more persons who are socially disadvantaged because of their identification as members of certain groups, including Black Americans, Hispanic Americans, women, Asian Pacific Americans, and American Indians, who have suffered the effects of discriminatory practices or similar insidious circumstances over which they have not control.
- A sole proprietorship for the purpose of making a profit that is 100% owned, operated and controlled by a person described above.
- A partnership for the purpose of making a profit in which 51% of the assets and interest in the partnership is owned by one or more persons described in above (A). Those persons must have a proportionate interest in the control, operation, and management of the partnerships affairs.
- A joint venture in which each entity in the joint venture is a disadvantaged business as noted above.
- A supplier contract between a disadvantaged business under the above definition and a prime contractor under which the disadvantaged business is directly involved in the manufacture or distribution of the supplies or materials or otherwise warehouse and shps the supplies.
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- Historically Underutilized Business Directory
- Midwestern State University shall give as much preference as the laws of the State of Texas permit to all businesses listed in the "Historically Underutilized Business Directory," published by the Texas Department of Commerce, as well as those businesses owned and operated by women.
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