Allocation to minority business enterprise (Repealed)

(a) As of July 1 of each year a total of twenty five percent of funds available shall be set aside for Minority Bond Guarantees. (b) Upon completion of a fiscal year, a review is made to determine compliance. (c) The cumulative percentage of Surety Bond Guarantees to Minority Business Enterprises relative to the total Surety Bond Guarantees shall be determined. If such percentage is less than twenty five percent, an amount equal to twenty five percent plus the amount equal to the previous year's short fall shall be set aside for the coming year.