NRS 75A.350 Provision of information concerning programs for small businesses and disadvantaged business enterprises to minority-owned, woman-owned, veteran-owned and LGBTQ-owned businesses.

451 words·~2 min read·/nv/chapter-75a-state-business-portal/75a-350·

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

1. The Secretary of State shall ensure that the state business portal enables a person who applies through the state business portal for the issuance or renewal of a state business license pursuant to chapter 76 of NRS to indicate whether the applicant is a minority-owned business, a woman-owned business, a veteran-owned business or an LGBTQ-owned business.

2. If a person who applies through the state business portal for the issuance or renewal of a state business license pursuant to chapter 76 of NRS indicates that the business is a minority-owned business, a woman-owned business, a veteran-owned business or an LGBTQ-owned business, the Secretary of State shall provide the following information to the person in electronic form through the state business portal:

(a)Information concerning programs to provide financing for small businesses. The information must include, without limitation, information concerning:

(1)Grants or loans of money from the Catalyst Account created by NRS 231.1573 ;

(2)The issuance of revenue bonds for industrial development pursuant to NRS 349.400 to 349.670 , inclusive;

(3)The Nevada Collateral Support Program pursuant to 12 U.S.C. §§ 5701 et seq.;

(4)The Nevada Microenterprise Initiative Program pursuant to 12 U.S.C. §§ 5701 et seq.;

(5)The Nevada New Markets Jobs Act pursuant to chapter 231A of NRS;

(6)The Nevada Silver State Opportunities Fund pursuant to NRS 355.275 ;

(7)Loans from the Small Business Administration pursuant to 15 U.S.C. §§ 631 et seq.; and

(8)Any other program to provide financing for small businesses designated by the Secretary of State.

(b)Information concerning the process by which the business may become certified as a disadvantaged business enterprise for the purposes of 49 C.F.R. § 26.5 or a program to provide financing for disadvantaged business enterprises.

3. The Secretary of State may adopt regulations as he or she deems necessary to carry out the provisions of this section.

4. As used in this section:

(a)“LGBTQ” means lesbian, gay, bisexual, transgender, queer or intersex or of any other nonheterosexual or noncisgender orientation or gender identity or expression.

(b)“LGBTQ-owned business” means a business that:

(1)Is owned by a natural person who identifies as LGBTQ; or

(2)Has at least 51 percent of its ownership interest held by one or more natural persons who identify as LGBTQ.

(c)“Veteran” has the meaning ascribed to it in NRS 417.005 .

(d)“Veteran-owned business” means a business that:

(1)Is owned by a natural person who is a veteran; or

(2)Has at least 51 percent of its ownership interest held by one or more veterans.