La. Admin. Code tit. 19 § IX-105

Current through Register Vol. 50, No. 11, November 20, 2024
Section IX-105 - Definitions
A. Terms not otherwise defined in this Chapter shall have the same meaning given to them in R.S. 39:2171 et seq., unless the context clearly requires otherwise.
B. In this Chapter, the following terms shall have the meanings provided herein, unless the context clearly indicates otherwise.

Applicant- an individual, firm or business that seeks to be certified as a "Veteran-owned small entrepreneurship" or "Service-connected disabled veteran-owned small entrepreneurship."

Certification- the determination and acknowledgement that a business qualifies for designation as a "veteran-owned small entrepreneurship" or "service-connected disabled veteran-owned small entrepreneurship."

Designee- the person designated by the secretary or by the director to act in his absence.

Director- the Director of the Louisiana Initiative for Veteran and Service-Connected Disabled Veteran-Owned Small Entrepreneurships Certification Program (the Veteran Initiative) designated by the Secretary of the Department of Economic Development.

Firm- a business that seeks to be or that has been certified as a "veteran-owned small entrepreneurship" or "service-connected disabled veteran-owned small entrepreneurship."

Full Time- employed and working in the firm at least 35 hours per week on a regular basis.

Program- the Louisiana Initiative for Veteran and Service-Connected Disabled Veteran-Owned Small Entrepreneurships Certification Program (the Veteran Initiative) in the Department of Economic Development.

Secretary- the Secretary of the Department of Economic Development.

Service-Connected Disabled Veteran-owned Small Entrepreneurship (SDVSE)- any corporation, partnership, individual, sole proprietorship, joint stock company, joint venture, or any other legal entity which has not less than 51 percent ownership by a veteran of the United States Armed Forces with a state-connected disability, and meets the criteria for certification by the secretary of the department of Economic Development, pursuant to R.S. 39:2176. Service-connected disability will be ascertained with appropriate documents from the United States Department of Veterans Affairs or the Louisiana Department of Veterans Affairs.

Small Entrepreneurship (SE)- any business or firm organized for profit, including any corporation, partnership, individual, sole proprietorship, joint stock company, joint venture, or any other legal entity which meets all of the requirements for certification by the Secretary of the Department of Economic Development as specified in R.S. 39:2006(A).

Veteran-Owned Small Entrepreneurship (VSE)- any corporation, partnership, individual, sole proprietorship, joint stock company, joint venture, or any other legal entity which has not less than fifty-one percent ownership by a veteran of the United States Armed Forces, and meets the criteria for certification by the secretary of the Department of Economic Development, pursuant to R.S. 39:2176.

La. Admin. Code tit. 19, § IX-105

Promulgated by the Department of Economic Development, Office of the Secretary, LR 36:471 (March 2010).
AUTHORITY NOTE: Promulgated in accordance with R.S. R.S. 39:2006, R.S. 39:2171 et seq. and R.S. 51:931.