1. (a) Pursuant to the Texas Government Code, §481.028 the Texas Building and Procurement Commission adopts the following memorandum of understanding (MOU) with the Texas Department of Economic Development, under which they agree to cooperate in program planning and budgeting relating to procurement information, and certification and technical assistance to small and historically underutilized businesses.

2. (b) The Texas Building and Procurement Commission and the Texas Department of Economic Development mutually agree to the following in order to serve the citizens of Texas in an efficient and fiscally responsible way:

   1. (1) to cooperate on regional economic planning with Texas;
   2. (2) to cooperate in providing procurement information, certification and technical assistance to small and historically underutilized businesses;
   3. (3) to share information of mutual interest;
   4. (4) to develop the agreements necessary to accomplish the activities set forth in the MOU; and
   5. (5) to cooperate to encourage economic development within Texas.
3. (c) The MOU becomes effective upon execution by authorized representatives of each agency and shall remain in effect until terminated by either party.

Source Note:The provisions of this §111.25 adopted to be effective February 15, 1998, 23 TexReg 1300; amended to be effective May 5, 2003, 28 TexReg 3711.