§ 37-14.3-3. Definitions. As used in this chapter, the following words shall have the following meanings:

(1) "Compliance" means the condition existing when a contractor has met and implemented the requirements of this chapter.

(2) "Contract" means a mutually binding legal relationship or any modification thereof obligating the seller to furnish supplies or services, including construction, and the buyer to pay for them. For purposes of this chapter, a lease is a contract.

(3) "Contractor" means one who participates, through a contract or subcontract, in any procurement or program covered by this chapter and includes lessees and material suppliers.

(4) "Economically disadvantaged" means that the veteran's personal net worth is not in excess of the economic disadvantaged criteria as established in 49 C.F.R. part 26.

(5) "Noncompliance" means the condition existing when a recipient or contractor has failed to implement the requirements of this chapter.

(6) "Small business concern" means a concern, including its affiliates, that is independently owned and operated; not dominant in the field of operations in which it is bidding on state government contracts; and qualified as a small business under the criteria and size standards in 13 C.F.R. part 121.

(7) "Veteran" means a person who served on active duty with the U.S. Army, Air Force, Navy, Marine Corps, or Coast Guard, for a minimum of one hundred eighty (180) days and who was discharged or released under conditions other than dishonorable. Reservists or members of the National Guard called to federal active duty (for other than training) or disabled from a disease or injury incurred or aggravated in the line of duty or while in training status also qualify as a veteran pursuant to 38 C.F.R. part 74.

(8) "Veteran-owned small business enterprise" means a small business concern, not less than fifty-one percent (51%) of which is owned and controlled by one or more economically disadvantaged veterans, and may include a business owned by a surviving spouse or permanent caregiver of a veteran as provided by 38 C.F.R. part 74.

History of Section. (P.L. 2017, ch. 116, § 1; P.L. 2017, ch. 136, § 1.)