Section 33.750

Title IV EXECUTIVE BRANCH

Chapter 33

Effective - 28 Aug 1993, 2 histories, see footnote   (history) 

  33.750.  Definitions. — As used in this section and section 33.752:

  (1) "Commission" refers to the Missouri minority business development commission established under section 33.752;

  (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.

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