50-5-131. Definitions.

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 and is: (A) Black; (B) Hispanic; (C) Asian-Pacific American; (D) Native American; or (E) Asian-Indian American. (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. (4) “Veteran” means an individual who: (A) Served on active duty with the Army, Air Force, Navy, Marine Corps, Space Force, or Coast Guard for any length of time and did not receive a dishonorable discharge; or (B) Was a reservist or member of the National Guard who was called to federal active duty. (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.