Purpose:
To clarify the policy of the U. T. System on utilization of
historically underutilized business firms
Date Approved:
November
11, 1999 (Editorially amended September
2000 and October 2003)
Background:
This
policy was first approved at the August 9, 1990 meeting of the U. T. Board
of Regents pursuant to action by the 71st Legislature. Actions by the 72nd and 73rd Legislatures
and by the Office of the Governor, through Executive Order AWR 93-7, define new
program eligibility criteria and administrative rules and led to amendments
approved by the Board at the April 14, 1994 and
November 9, 1995 meetings.
The
November 12, 1998 amendments identified administrative
responsibilities, specified required program elements, and established a new
management emphasis consistent with the new legislation.
The
November 11, 1999 amendments clarify statements of purpose and scope,
reflect changed definitions and changes in the U. T. System organizational
structure, and conform the policy to new legislative requirements.
POLICY
ON U. T.ILIZATION OF HISTORICALLY
UNDERU. T.ILIZED BUSINESS (HUB) FIRMS
I. POLICY STATEMENT