Section 122.87 | Minority business bonding program definitions.
As 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;
(2) Minority seller;
(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 123.151 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 division (B) of 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 division (B) of 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 123.152 of the Revised Code.
Available Versions of this Section
- September 26, 2003 – House Bill 95 - 125th General Assembly [ View September 26, 2003 Version ]
- September 29, 2015 – House Bill 64 - 131st General Assembly [ View September 29, 2015 Version ]
- September 30, 2021 – Amended by House Bill 110 - 134th General Assembly [ View September 30, 2021 Version ]