37.013. Definitions.

211 words·~1 min read·/mo/chapter-37/37-013

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

37.013. Definitions. — As used in this section and section 37.014 :

(1)"Commission" refers to the Missouri minority business advocacy commission established under section 37.014 ;

(2)"Contract" means any contract awarded by a state agency for construction projects or the procurement of goods or services, including professional services;

(3)"Minority business enterprise" or "minority business" means an individual, partnership, corporation, or joint venture of any kind that is owned and controlled by one or more persons who are:

(a)United States citizens; and

(b)Members of a racial minority group;

(4)"Owned and controlled" means having:

(a)Ownership of at least fifty-one percent of the enterprise, including corporate stock of a corporation;

(b)Control over the management and day-to-day operations of the business; and

(c)An interest in the capital, assets, and profits and losses of the business proportionate to the percentage of ownership;

(5)"Racial minority group" means:

(a)Blacks;

(b)American Indians;

(c)Hispanics;

(d)Asian Americans; and

(e)Other similar racial minority groups;

(6)"State agency" refers to an authority, board, branch, commission, committee, department, division, or other instrumentality of the executive branch of state government.

--------

(L. 1984 S.B. 468 § 1, A.L. 1993 H.B. 566, A.L. 2014 H.B. 1299 Revision)

Transferred 2014; formerly 33.750