§ 4-26-101. Establishment
There is established within the department of economic and community development an office of business enterprise.
§ 4-26-102. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Bid bond” means a bond conditioned upon the entering into a contract by a bidder, if the bidder receives the award thereof, and furnishing the prescribed payment bond and performance bond; “Commissioner” means the commissioner of economic and community development; “Department” means the department of […]
§ 4-26-103. Powers and Duties
The department is authorized to: Provide assistance to disadvantaged businesses by advising and counseling on all phases of procurement policies, by obtaining information concerning prime contractors in letting subcontracts and by encouraging the letting of subcontracts by prime contractors to disadvantaged businesses; Receive funding from sources other than the state; Make studies and conduct workshops, […]
§ 4-26-104. Purpose and Construction
This chapter shall be liberally construed to carry out the following purposes and objectives that: Disadvantaged businesses share in the American economic system of private enterprise through free and vigorous competition; Such competition be fostered through the encouragement and development of disadvantaged businesses; and The state aid, counsel and assist in every practical manner disadvantaged […]
§ 4-26-105. Reports
The department shall make a written report to the governor, the speaker of the senate, the speaker of the house of representatives, the chair of the commerce and labor committee of the senate, the chair of the commerce committee of the house of representatives, and any governor’s advisory committee on minority economic development, at least […]
§ 4-26-106. Disadvantaged Business Loan Guarantee Program
The general assembly finds that conventional funding sources for emerging and expanding disadvantaged businesses are limited or nonexistent. The general assembly further finds that promoting and encouraging economic opportunity and development within the state’s minority community is a worthy public purpose. Such economic opportunity and development serve the health, safety and welfare of all citizens […]
§ 4-26-107. Guidelines and Reports to the Government Operations Committees of the Senate and House of Representatives
The office of business enterprise shall provide guidelines to address any impediments by other state agencies to the conduct of the office of business enterprise to the members of the government operations committees of the senate and the house of representatives. The office of business enterprise shall also provide periodic reports to the government operations […]