Title 50. STATE GOVERNMENT · Chapter 5. DEPARTMENT OF ADMINISTRATIVE SERVICES · Article 3. STATE PURCHASING · Part 4. [EFFECTIVE JANUARY 1, 2024] MINORITY, WOMEN, AND VETERAN OWNED BUSINESS ENTERPRISE DEVELOPMENT
50-5-131. Definitions.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
As used in this part, the term:
- (2)
“Minority business enterprise” means a business which is owned and controlled by one or more minorities; authorized to do and is doing business under the laws of this state; paying all taxes duly assessed; and domiciled within this state.#
- (3)
“Owned and controlled” means a business:#
- (A)
Which is at least 51 percent owned by one or more minorities, women, or veterans or, in the case of a publicly owned business, at least 51 percent of all classes or types of the stock is owned by one or more minorities, women, or veterans; and#
- (B)
Whose management and daily business operations are controlled by one or more minorities, women, or veterans.#
- (5)
“Veteran owned business” means a business which is owned and controlled by one or more veterans; authorized to do and is doing business under the laws of this state; paying all taxes duly assessed; and domiciled within this state.#
- (6)
“Women owned business” means a business which is owned and controlled by one or more women; authorized to do and is doing business under the laws of this state; paying all taxes duly assessed; and domiciled within this state.#
History
Code 1981, § 50-5-131, enacted by Ga. L. 1991, p. 1380, § 3; Ga. L. 2023, p. 43, § 4/HB 128, effective January 1, 2024.
Delayed effective date
Code Section 50-5-131 is set out twice in this Code. This version is effective January 1, 2024. For version effective until January 1, 2024, see the preceding version. The 2023 amendment, effective January 1, 2024, rewrote this Code section, which read: “As used in this part, the term: “(1) ‘Minority’ means an individual who is a member of a race which comprises less than 50 percent of the total population of the state. “(2) ‘Minority business enterprise’ means a small business concern which is owned and controlled by one or more minorities and is authorized to do and is doing business under the laws of this state, paying all taxes duly assessed, and domiciled within this state. “(3) ‘Owned and controlled’ means a business: “(A) Which is at least 51 percent owned by one or more minorities or, in the case of a publicly owned business, at least 51 percent of all classes or types of the stock is owned by one or more minorities; and “(B) Whose management and daily business operations are controlled by one or more minorities.”
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t49-t50-ch1-12-(v38)-2023-pdf.pdf, Volume V38, 2023 edition, pages 599 to 600; merge action: carried; file SHA-256 b1a50b0e3917.
As used in this part, the term:
- (1)
“Minority” means an individual who is a member of a race which comprises less than 50 percent of the total population of the state.#
- (2)
“Minority business enterprise” means a small business concern which is owned and controlled by one or more minorities and is authorized to do and is doing business under the laws of this state, paying all taxes duly assessed, and domiciled within this state.#
- (3)
“Owned and controlled” means a business:#
History
Code 1981, § 50-5-131, enacted by Ga. L. 1991, p. 1380, § 3.
Delayed effective date
Code Section 50-5-131 is set out twice in this Code. This version is effective until January 1, 2024. For version effective January 1, 2024, see the following version.
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t49-t50-ch1-12-(v38)-2023-pdf.pdf, Volume V38, 2023 edition, page 595; merge action: carried; file SHA-256 b1a50b0e3917.
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