Arkansas Code of 1987 (2024)
Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324)
Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108)
Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910)
Subchapter 3 - MINORITY AND WOMEN - OWNED BUSINESS ECONOMIC DEVELOPMENT ACT (§§ 15-4-301 — 15-4-315)
Section 15-4-303 - Definitions

As used in this subchapter:

• (1)
  • (A) "Exempt" means goods and services classified as exempt for the purpose of administering this subchapter.
  • (B) The classification shall be determined by the Office of State Procurement and the Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission and submitted to the Arkansas Economic Development Council for its review and consideration for the purposes of this subchapter;

• (2) "Minority" means a lawful permanent resident of this state who is:
  • (A) African American;
  • (B) Hispanic American;
  • (C) American Indian;
  • (D) Asian American;
  • (E) Pacific Islander American; or
  • (F) A service-disabled veteran as designated by the United States Department of Veterans Affairs;

• (3) "Minority and women-owned business officer" means the individual within each state agency with the responsibility for carrying out the intended purposes of this subchapter;

• (4) "Minority business enterprise" means a business that is at least fifty-one percent (51%) owned by one (1) or more minority persons as defined in this section;

• (5)
  • (A) "Nonexempt" means goods and services classified as nonexempt for the purpose of administering this subchapter.
  • (B) The classification shall be determined by the Office of State Procurement and the division and submitted to the council for its review and consideration for the purposes of this subchapter;

• (6) "Procurement" means buying, purchasing, renting, leasing, or otherwise acquiring any goods or services;

• (7) "State agency" means a department, an office, a board, a commission, or an institution of this state, including a state-supported institution of higher education;

• (8) "State contract" means a state agreement, regardless of what it may be called, for the purchase of commodities and services and for the disposal of surplus commodities and services not otherwise exempt; and

• (9) "Women-owned business enterprise" means a business that is at least fifty-one percent (51%) owned by one (1) or more women who are lawful permanent residents of this state.

Amended by Act 2017, No. 1080,§ 1, eff. 8/1/2017.

Acts 1977, No. 544, § 5; A.S.A. 1947, § 5-916.6; Acts 2003, No. 1814, § 2; 2009, No. 1222, § 3; 2011, No. 893, § 1.