Section 122.87 - Minority business bonding program definitionsAs used in sections 122.87 to 122.90 of the Revised Code:
(A) "Surety company" means a company that is authorized by the department of insurance to issue bonds as surety. (B) "Minority business" means any of the following occupations: (1) Minority construction contractor;(3) Minority service vendor.(C) "Minority construction contractor" means a person who is both a construction contractor and an owner of a minority business enterprise certified under division (B) of section 122.921 of the Revised Code.(D) "Minority seller" means a person who is both a seller of goods and an owner of a minority business enterprise listed on the special minority business enterprise bid notification list under section 125.08 of the Revised Code.(E) "Minority service vendor" means a person who is both a vendor of services and an owner of a minority business enterprise listed on the special minority business enterprise bid notification list under section 125.08 of the Revised Code.(F) "Minority business enterprise" has the meaning given in section 122.71 of the Revised Code. (G) "EDGE business enterprise" means a sole proprietorship, association, partnership, corporation, limited liability corporation, or joint venture certified as a participant in the encouraging diversity, growth, and equity program by the director of administrative services under section 122.922 of the Revised Code.Amended by 134th General Assembly, HB 110,§101.01, eff. 9/30/2021.Amended by 131st General Assembly, HB 64,§101.01, eff. 9/29/2015.Effective Date: 09-26-2003 .