§ 1507.2 - Definitions.  


Latest version.
  • For the purposes of this part:

    (a) Board means the Oversight Board.

    (b) Minority means any Black American, Native American, Hispanic American, or Asian American.

    (c) Minority/women owned business or M/WOB or M/WOB firm means a firm that is at least fifty-one percent (51%) owned and controlled by one or more minority persons and/or women. If the firm is a publicly owned company, minority persons and/or women must own and control at least fifty-one percent (51%) of the firm's voting stock, and the management and daily business operations of the firm must be controlled by one or more minority persons or women.

    (d) Other firm means a firm that is not a minority/women owned business.