§ 481a.4. Establishment of diversity plan required.
(a) Each regulated entity shall include in its application for licensure or certification a diversity plan that establishes a separate goal of diversity in the ownership, participation and operation of, and employment at the regulated entity. The Board will determine whether the stated goals set forth in each diversity plan are reasonable and represent a good faith effort to assure that all persons are accorded equality of opportunity in contracting and employment by the regulated entity and its contractors, subcontractors, assignees, lessees and agents.
(b) A regulated entity may demonstrate achievement of its diversity goals through one or both of the following:
(1) Contracting or transacting directly with minority and women’s business enterprises.
(2) Contracting with a nonminority business enterprise under terms and conditions that establish a participation plan.
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