Mo. Rev. Stat. § 37.013

Current with changes from the 2024 Legislative Session

Section 37.013 - Definitions

As used in this section and section 37.014:

(1)"Commission" refers to the Missouri minority business advocacy commission established under section 37.014;

(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.

§ 37.013, RSMo

Added by 2014 Mo. Laws, HRB 1299,s A, eff. 8/28/2014.