127-1-01 Definitions.

As used in the rules of the minority development financing advisory board.

(A) “Board” means the minority development financing advisory board.

(B) “Business bonding program” means the minority business bonding program as established by sections 122.87 to 122.89 of the Revised Code.

(C) “Director” means the director of the Ohio department of development and assigned staff where appropriate.

(D) “Minority business enterprise” means an individual, partnership, corporation, or joint venture of any kind that is owned and controlled by United States citizens, residents of Ohio, who are one of the following economically disadvantaged groups: Blacks, African Americans, American Indians, Hispanics or Latinos, and Asians.

(E) “Surety company” means a company that is authorized by the Ohio department of insurance to issue business bonds as surety.

Effective: 11/25/2005

R.C. 119.032 review dates: 09/07/2005 and 11/25/2010

Promulgated Under: 119.03

Statutory Authority: 122.89(B)

Rule Amplifies: 122.88 to 122.89

Prior Effective Dates: 5/10/1982, 10/11/84 (Emer.), 3/14/85, 3/26/98