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California Law (Last Updated: March 4, 2014) |
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Public Utilities Code - PUC |
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Division 4. LAWS RELATING TO UTILITY CORPORATIONS AND THEIR EMPLOYEES |
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Chapter 7. Miscellaneous Regulations |
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ARTICLE 5. Women, Minority, and Disabled Veteran Business Enterprises |
Section 8286.
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(a) In order to facilitate the participation of women-owned businesses, minority-owned businesses, disabled veteran-owned businesses, and small businesses in contract procurement, any corporation subject to this article may consider the following measures to include those businesses in all phases of their contracting:
(1) Timely or progressive payments to those businesses.
(2) An amendment of the performance bond requirements so that bond requirements of electrical, gas, and telephone corporations do not prohibitively burden those businesses from procuring the corporation's business.
(3) The provision of assistance to those businesses by securing contract payments to those businesses with letters of credit, negotiable securities, or other financing arrangements or measures.
(b) This section does not restrict a corporation's ability to require a bond.