Sec. 4. (a) Before January 1 of even-numbered years, the department shall determine whether, during the most recently completed two (2) year period ending the previous July 1, the goals set under section 2(g)(8) of this chapter have been met.

     (b) The department shall adopt rules under IC 4-22-2 to ensure that the goals set under section 2(g)(8) of this chapter are met. Expenditures with business enterprises that qualify as both a minority business enterprise and a women’s business enterprise may be counted toward the attainment of the goal for either:

(1) minority business enterprises; or

(2) women’s business enterprises;

at the election made by the procurer of goods, services, or goods and services, but not both.

As added by P.L.195-2001, SEC.6. Amended by P.L.41-2003, SEC.2; P.L.228-2007, SEC.5; P.L.3-2008, SEC.6; P.L.42-2024, SEC.34.