Section 50-5-131 - DefinitionsAs 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:(C) Asian-Pacific American;(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.Amended by 2023 Ga. Laws 21,§ 4, eff. 1/1/2024.