☰ Revisor of Missouri

Title IV EXECUTIVE BRANCH

Chapter 37

Effective - 28 Aug 2018, 2 histories bottom

  37.020.  Definitions — socially and economically disadvantaged small business concerns — plan to increase and maintain participation — study — oversight review committee, members — nonprofit designated as minority or women's business enterprise, purpose. — 1.  As used in this section, the following words and phrases mean:

  (1)  "Certification", the determination, through whatever procedure is used by the office of administration, that a legal entity is a socially and economically disadvantaged small business concern for purposes of this section;

  (2)  "Department", the office of administration and any public institution of higher learning in the state of Missouri;

  (3)  "Minority business enterprise", a business that is:

  (a)  A sole proprietorship owned and controlled by a minority;

  (b)  A partnership or joint venture owned and controlled by minorities in which at least fifty-one percent of the ownership interest is held by minorities and the management and daily business operations of which are controlled by one or more of the minorities who own it; or

  (c)  A corporation or other entity whose management and daily business operations are controlled by one or more minorities who own it, and which is at least fifty-one percent owned by one or more minorities, or if stock is issued, at least fifty-one percent of the stock is owned by one or more minorities;

  (4)  "Socially and economically disadvantaged individuals", individuals, regardless of gender, who have been subjected to racial, ethnic, or sexual prejudice or cultural bias because of their identity as a member of a group without regard to their individual qualities and whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same business area.  In determining the degree of diminished credit and capital opportunities the office of administration shall consider, but not be limited to, the assets and net worth of such individual;

  (5)  "Socially and economically disadvantaged small business concern", any small business concern:

  (a)  Which is at least fifty-one percentum owned by one or more socially and economically disadvantaged individuals; or, in the case of any publicly owned business, at least fifty-one percentum of the stock of which is owned by one or more socially and economically disadvantaged individuals; and

  (b)  Whose management and daily business operations are controlled by one or more of such individuals;

  (6)  "Women's business enterprise", a business that is:

  (a)  A sole proprietorship owned and controlled by a woman;

  (b)  A partnership or joint venture owned and controlled by women in which at least fifty-one percent of the ownership interest is held by women and the management and daily business operations of which are controlled by one or more of the women who own it; or

  (c)  A corporation or other entity whose management and daily business operations are controlled by one or more women who own it, and which is at least fifty-one percent owned by women, or if stock is issued, at least fifty-one percent of the stock is owned by one or more women.

  2.  The office of administration, in consultation with each department, shall establish and implement a plan to increase and maintain the participation of certified socially and economically disadvantaged small business concerns or minority business enterprises, directly or indirectly, in contracts for supplies, services, and construction contracts, consistent with goals determined after an appropriate study conducted to determine the availability of socially and economically disadvantaged small business concerns and minority business enterprises in the marketplace.  The commissioner of administration shall appoint an oversight review committee to oversee and review the results of such study.  The committee shall be composed of nine members, four of whom shall be members of business, three of whom shall be from staff of selected departments, one of whom shall be a member of the house of representatives, and one of whom shall be a member of the senate.

  3.  The goals to be pursued by each department under the provisions of this section shall be construed to overlap with those imposed by federal law or regulation, if any, shall run concurrently therewith and shall be in addition to the amount required by federal law only to the extent the percentage set by this section exceeds those required by federal law or regulations.

  4.  The commissioner of administration may designate a nonprofit organization as a minority business enterprise or women's business enterprise for the exclusive purpose of competing in other states, provided that the organization is headquartered in Missouri and the collective majority of the organization's board of directors and executive management in charge of daily business operations are minorities or women.

­­--------

(L. 1990 S.B. 808 & 672 § 6, A.L. 2014 H.B. 1299 Revision, A.L. 2018 S.B. 802)


---- end of effective   28 Aug 2018 ----

use this link to bookmark section  37.020


 - All versions
Effective End
37.020 8/28/2018
37.020 8/28/2014 8/28/2018

In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Pictures Contact

Other Links
Oversight MOLIS Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@00:14:38.1 5 :)