(a) As used in this section, “disadvantaged business concern or enterprise” includes, but is not limited to, a business concern or enterprise that is solely owned, or at least fifty-one percent (51%) of the assets or outstanding stock of which is owned, by an individual who personally manages and controls the daily operations of the business concern or enterprise and who is impeded from normal entry into the economic mainstream because of:

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Terms Used In Tennessee Code 54-1-124

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Commissioner: means the commissioner of transportation. See Tennessee Code 54-5-103
  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the department of transportation. See Tennessee Code 54-5-103
(1) A disability as defined in § 4-26-102; or
(2) Past practices of racial discrimination against African-Americans.
(b) The commissioner of transportation is authorized to set aside an amount not to exceed ten percent (10%) of certain funds appropriated by congress for use by the department of transportation to contract with disadvantaged business concerns or enterprises.
(c) This section shall be automatically repealed upon the expiration of the federal law appropriating the funds.
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