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Georgia Code Title 50. State Government § 50-5-131

Current as of March 28, 2024 | Updated by FindLaw Staff

<Text of section effective January 1, 2024. See, also, text of section 50-5-131 effective until January 1, 2024.>

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.

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Cite this article: FindLaw.com - Georgia Code Title 50. State Government § 50-5-131 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-50-state-government/ga-code-sect-50-5-131/

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