Section 4-13-16.5-1.5 - Veteran owned small business concern; eligibility(a) A business qualifies as a small business for purposes of this section if the business is an Indiana small business concern owned and controlled by veterans, as defined in 15 U.S.C. 632(q)(3) as in effect January 1, 2013, or is an Indiana small business owned and operated by veterans and the business:(1) has: (A) a current verification as a veteran owned small business concern under 38 CFR 74 et seq. by the Center of Veterans Enterprise of the United States Department of Veterans Affairs; or(B) a current certification as a veteran owned small business by the department;(2) is owned and controlled by one (1) or more veterans or, in the case of a corporation, has at least fifty-one percent (51%) of the corporation's stock owned by one (1) or more veterans; and(3) has its principal place of business located in Indiana.(b) The Indiana economic development corporation may assist the department in doing any of the following: (1) Compiling and maintaining a comprehensive list of veteran owned small businesses.(2) Assisting veteran owned small businesses in complying with the procedures for bidding on state contracts.(3) Examining requests from the department for the purchase of supplies or services to help determine which purchases may be consistent with the goal described in section 3.5 of this chapter.(4) Simplifying specifications and contract terms to increase the opportunities for veteran owned small businesses to participate in state contracts.(c) The Indiana economic development corporation, in consultation with the department, may develop programs to encourage cities, counties, towns, townships, and private businesses to adopt the goal for contracts with veteran owned small businesses described in section 3.5 of this chapter.(d) For purposes of this chapter, information submitted by an applicant for certification as a veteran owned small business that contains: (1) personal financial information; or(2) confidential business information; is confidential.
(e) For purposes of this chapter, the following forms submitted by an applicant for certification as a veteran owned small business are confidential:(1) DD 214 (as defined in IC 10-17-15-1).(3) All forms submitted to verify current military or naval service status.Added by P.L. 15-2020,SEC. 3, eff. 7/1/2020.