(a) As used in this section:
(1) "Service-disabled veteran" means any individual who:
(A) Is at least thirty-percent (30%) disabled as a result of military service and is designated as such by the United States Department of Veterans Affairs; and
(B) Has been a resident of the State of Arkansas for at least two (2) years; and
(2) "Business of a service-disabled veteran" means a business that:
(A) Not less than fifty-one percent (51%) of which is owned by one (1) or more service-disabled veterans;
(B) The management and daily business operations of which are controlled by one (1) or more service-disabled veterans; and
(C) Has been certified as a business of a service-disabled veteran by the Division of Minority Business Enterprise of the Arkansas Economic Development Commission under the Minority Business Economic Development Act, ยง 15-4-301 et seq.
(b) (1) All state agencies shall attempt to ensure that five percent (5%) of the total amount expended in state-funded and state-directed public construction programs and in the purchase of goods and services for the state each fiscal year is paid to businesses of service-disabled veterans.
(2) This subsection shall not be construed as establishing a preference in contracting with businesses of service-disabled veterans.
Section: Previous 19-11-102 19-11-103 19-11-104 19-11-105 19-11-106Last modified: November 15, 2016