Tex. Educ. Code Section 55.03
Minority-owned and Women-owned Businesses

(a)

The board of regents of each institution of higher education shall make a good-faith effort to award to minority-owned and women-owned businesses:

(1)

contracts relating to the issuance of bonds by the board under this chapter in the amount of at least 25 percent of the total costs of issuing those bonds; and

(2)

contracts for the items to be financed by bonds issued by the board in the amount of at least 25 percent of the proceeds of those bonds.

(b)

Not later than October 31 of each academic year, the board of regents shall file with the governor and each house of the legislature a written report containing the following information for the previous academic year for all businesses, minority-owned businesses and women-owned businesses, classified by gender and minority group status:

(1)

the total number of contracts relating to the issuance of bonds by the board under this chapter and to the items to be financed by those bonds;

(2)

the total dollar amount the board of regents must pay under each contract described by Subdivision (1) of this subsection; and

(3)

the total number of businesses submitting bids or proposals relating to the issuance of bonds by the board under this chapter and to the items to be financed by those bonds.

(c)

In this section:

(1)

“Minority-owned business” means a business entity at least 51 percent of which is owned by members of a minority group or, in the case of a corporation, at least 51 percent of the shares of which are owned by members of a minority group, and that is managed and controlled by members of a minority group in its daily operations.

(2)

“Minority group” includes:

(A)

African Americans;

(B)

American Indians;

(C)

Asian Americans; and

(D)

Mexican Americans and other Americans of Hispanic origin.

(3)

“Women-owned business” means a business entity at least 51 percent of which is owned by women or, in the case of a corporation, at least 51 percent of the shares of which are owned by women, and that is managed and controlled by women in its daily operations.
Added by Acts 1993, 73rd Leg., ch. 803, Sec. 2, eff. Sept. 1, 1993.

Source: Section 55.03 — Minority-owned and Women-owned Businesses, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­55.­htm#55.­03 (accessed May 4, 2024).

55.01
Definitions 55.02
Systemwide Revenue Financing Program 55.03
Minority-owned and Women-owned Businesses 55.04
Cumulative Effect 55.11
General Authority 55.12
Contracts for Joint Construction 55.13
Authority to Issue Revenue Bonds 55.14
Terms and Conditions 55.15
Disposition of Bond Proceeds 55.16
Board Responsibility 55.17
Pledges 55.18
Bonds Not Obligations of the State 55.19
Refunding Bonds 55.20
Approval and Registration of Bonds 55.21
Bonds Are Authorized Investments and Security for Deposits 55.22
Validation of Bonds and Proceedings 55.23
Cumulative Effect of Subchapter 55.24
Pledges Under Previous Laws to Remain in Effect 55.25
Applicability of Other Law 55.41
Refunding Bonds 55.111
Certain Allocated Funds to Be Designated as Capital Construction Assistance Projects 55.115
High-performance, Sustainable Design, Construction, and Renovation Standards for Certain Facilities 55.165
Oversight of Certain Capital Projects 55.171
Specific Institutions 55.172
The University of Texas--pan American 55.173
The University of Houston System 55.174
Texas Southern University 55.1714
The University of Texas System 55.1715
The University of Houston System 55.1716
Texas State University System 55.1717
University of North Texas and Texas College of Osteopathic Medicine 55.1718
Texas Woman’s University System 55.1722
The University of Texas System 55.1723
The University of Houston System 55.1724
Texas State University System 55.1725
University of North Texas and University of North Texas Health Science Center at Fort Worth 55.1726
Texas Woman’s University System 55.1728
Stephen F 55.1732
The University of Texas System 55.1733
The University of Houston System 55.1734
Texas State University System 55.1735
University of North Texas System 55.1736
Texas Woman’s University System 55.1738
Stephen F 55.1739
Texas Tech University System 55.1742
The University of Texas System 55.1743
The University of Houston System 55.1744
Southwest Texas State University 55.1749
Texas Tech University System 55.1752
The University of Texas System 55.1753
University of Houston System 55.1754
Texas State University System 55.1755
University of North Texas System 55.1756
Texas Woman’s University System 55.1758
Stephen F 55.1759
Texas Tech University System 55.1768
Stephen F 55.1769
Angelo State University 55.1782
The University of Texas System 55.1783
University of Houston System 55.1784
Texas State University System 55.1785
University of North Texas System 55.1786
Texas Woman’s University System 55.1788
Stephen F 55.1789
Texas Tech University System 55.1792
The University of Texas System 55.1793
University of Houston System 55.1794
Texas State University System 55.1795
University of North Texas System 55.1796
Texas Woman’s University 55.1797
Stephen F 55.1798
Texas Tech University System 55.1799
Texas Southern University 55.17391
Texas Southern University 55.17392
Texas State Technical College System 55.17491
Texas Southern University 55.17521
The University of Texas at Dallas: Limitations on Certain Debt Service Reimbursement 55.17591
Texas Southern University 55.17592
Texas State Technical College System 55.17721
The University of Texas Medical Branch at Galveston 55.17891
Texas Southern University 55.17892
Texas State Technical College System 55.17893
Midwestern State University 55.17991
Texas State Technical College System
Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 55.03’s source at texas​.gov