2009 North Carolina Code
Chapter 143B - Executive Organization Act of 1973.
§ 143B-472.101. Definitions.

§ 143B‑472.101.  Definitions.

The following definitions apply in this Part:

(1)        Authority. – The North Carolina Small Business Contractor Authority created in this Part.

(2)        Internal Revenue Code. – The Code as defined in G.S. 105‑228.90.

(3)        Contract term. – The term of a contract, including the maintenance or warranty period required by the contract and the period during which the surety may be liable for latent defects.

(4)        Government agency. – The federal government, the State, an agency, or a political subdivision of the federal government or the State, or a utility regulated by the North Carolina Utilities Commission.

(5)        Related party. – A party related to the applicant in a manner that would require an attribution of stock to or from the party under section 318 of the Internal Revenue Code.

(6)        Secretary. – The Secretary of Commerce. (2007‑441, s. 1.)