Iowa § 73.16 - 73.16 Procurements from small businesses and targeted small businesses — goals.
Full text of Iowa Iowa Code § 73.16 — 73.16 Procurements from small businesses and targeted small businesses — goals., with citation guidance and answers to common questions.
§ 73.16. 73.16 Procurements from small businesses and targeted small businesses — goals.
Notwithstanding any provision of law or rule relating to competitive bidding procedures: 1. Every agency, department, commission, board, committee, officer, or other governing body of the state shall purchase goods and services supplied by small businesses and targeted small businesses in Iowa. In addition to the other provisions of this section relating to procurement contracts for targeted small businesses, all purchasing authorities shall assure that a proportionate share of small businesses and targeted small businesses identified under the uniform small business vendor application program of the economic development authority are given the opportunity to bid on all solicitations issued by agencies and departments of state government. 2. a. Prior to the commencement of a fiscal year, the director of each agency or department of state government having purchasing authority, in cooperation with the targeted small business project manager of the economic development authority, shall establish for that fiscal year a procurement goal from certified targeted small businesses identified pursuant to section 15.108, subsection 6, paragraph “d”. (1) The procurement goal shall include the procurement of all goods and services, including construction, but not including utility services. (2) A procurement goal shall be stated in terms of a dollar amount of certified purchases and shall be established at a level that exceeds the procurement levels from certified targeted small businesses during the previous fiscal year. b. The director of an agency or department of state government that has established a procurement goal as required under this subsection shall provide a report within fifteen business days following the end of each calendar quarter to the targeted small business marketing and compliance manager of the economic development authority, providing the total dollar amount of certified purchases from certified targeted small businesses during the previous calendar quarter. The required report shall be made in a form approved by the targeted small business marketing and compliance manager. c. (1) The director of each department and agency of state government shall cooperate with the director of the department of inspections, appeals, and licensing, the director of the economic development authority, and the director of the department of management and do all acts necessary to carry out the provisions of this subchapter. (2) The director of each agency or department of state government having purchasing authority shall issue electronic bid notices for distribution to the targeted small business internet site located at the economic development authority if the director releases a solicitation for bids for procurement of equipment, supplies, or services. The notices shall be provided to the targeted small business marketing manager forty-eight hours prior to the issuance of all bid notices. The notices shall contain a description of the subject of the bid, a point of contact for the bid, and any subcontract goals included in the bid. (3) A community college, area education agency, or school district shall establish a procurement goal from certified targeted small businesses, identified pursuant to section 15.108, subsection 6, paragraph “d”, of at least ten percent of the value of anticipated procurements of goods and services including construction, but not including utility services, each fiscal year. d. Of the total value of anticipated procurements of goods and services under this subsection, an additional goal shall be established to procure at least forty percent from minority-owned businesses and forty percent from female-owned businesses and forty percent from service-disabled veteran-owned businesses, as defined in section 73.14, that are targeted small businesses. 86 Acts, ch 1245, §832; 88 Acts, ch 1273, §11; 90 Acts, ch 1156, §6; 94 Acts, ch 1076, §5; 2000 Acts, ch 1231, §35; 2007 Acts, ch 207, §10, 18; 2008 Acts, ch 1032, §164; 2009 Acts, ch 133, §19; 2011 Acts, ch 118, §85, 89; 2013 Acts, ch 90, §257; 2014 Acts, ch 1026, §143; 2015 Acts, ch 136, §37, 54, 55; 2017 Acts, ch 160, §10, 11; 2023 Acts, ch 19, §1737 Referred to in §8A.111, 8A.311, 11.26, 12E.12, 15.107B, 15.108, 73.22, 97B.7A, 262.34A State board of regents’ bid procedure, §262.34A Wed Dec 10 22:28:41 2025 Iowa Code 2026, Section 73.16 (35, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 73.16
What does Iowa Code § 73.16 cover?
Section 73.16 ("73.16 Procurements from small businesses and targeted small businesses — goals.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 73.16?
A common citation format is "Iowa Code § 73.16" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 73.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.