A contracting agency may, by appropriate ordinance, resolution, rule or other appropriate legislative action, limit competition for a public contract to emerging small businesses certified under ORS § 200.055 if the contract price is estimated at $250,000 or less and is funded by the Emerging Small Business Account established under ORS § 200.180. [2007 c.344 § 2; 2015 c.565 § 14; 2021 c.630 § 46]