2011 California Code
Government Code
TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000 - 22980]
ARTICLE 6. Minority and Women Business Participation Goals for Professional Bond Services
Section 8790.81

As used in this article, the following definitions apply:

(a) Awarding department means any state agency, department, constitutional officer, governmental entity, or other officer or entity empowered by law to issue bonds on behalf of the State of California.

(b) Bonds means bonds, notes, warrants, certificates of participation, and other evidences of indebtedness issued by or on behalf of the State of California.

(c) Contract includes any contract, agreement, or joint agreement to provide professional bond services to the State of California or an awarding department.

(d) Contractor means any provider of professional bond services who enters into a contract with an awarding department.

(e) Goal means a numerically expressed objective which awarding departments and providers of professional bond services are required to make efforts to achieve.

(f) Minority means an ethnic person of color including American Indians, Asians (including, but not limited to, Chinese, Japanese, Koreans, Pacific Islanders, Samoans, and Southeast Asians), Blacks, Filipinos, and Hispanics.

(g) Minority business enterprise means a business concern which meets all of the following requirements:

(1) A sole proprietorship owned by a minority or a firm or partnership, 51 percent of the stock or partnership interests of which are owned by one or more minorities.

(2) Managed by, and the daily business operations are controlled by, one or more minorities.

(3) A sole proprietorship, corporation, or partnership with its home office located in the United States, which is not a branch or subsidiary of a foreign corporation, firm, or other business.

(h) Professional bond services include services as financial advisors, bond counsel, underwriters in negotiated transactions, underwriter s counsel, financial printers, feasibility consultants, and other professional services related to the issuance and sale of bonds.

(i) Women business enterprise means a business concern which meets all of the following requirements:

(1) A sole proprietorship owned by a woman or is a firm or partnership, 51 percent of the stock or partnership interests of which are owned by one or more women.

(2) Managed by, and the daily business operations are controlled by, one or more women.

(3) A sole proprietorship, corporation, or partnership with its home office located in the United States.

(Added by Stats. 1987, Ch. 421, Sec. 2.)