(b) Progress payments.--A purchasing agency may make special
provisions for progress payments as it deems reasonably
necessary to encourage procurement from small [and
disadvantaged] diverse businesses.
(c) Exemption.--For contracts under $25,000, a small diverse
business shall be exempt from the bonding requirements under
subsection (a).
§ 2107. Report to General Assembly.
The department shall annually, before October 1, report in
writing to the General Assembly concerning the awarding of
contracts to small [and disadvantaged] diverse businesses and
diverse businesses during the preceding fiscal year on the
actual utilization of small diverse businesses or diverse
businesses as contractors and subcontractors. The report shall
include a list of all small [and disadvantaged] diverse
businesses or diverse businesses that participated as
contractors, subcontractors or suppliers during the preceding
fiscal year. [for contracts if the number of contractors under a
previously existing contract for the same supply or service is
reduced to a single contractor or reduced by more than 50% of
the number existing on September 30, 2003. In preparing the
report, the department shall verify whether commitments made to
small and disadvantaged businesses in the course of awarding
these contracts have been maintained.]
Section 4. Title 62 is amended by adding a section to read:
§ 2109. Small business reserve program.
The department shall establish a small business reserve
program for the purpose of increasing economic opportunities for
small businesses and affording small businesses, including small
diverse businesses, veteran-owned businesses and service-
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