(a)  The corporation shall carry out and comply with the policy of the state to support the fullest possible participation of firms owned and controlled by minorities and women (MBE) in all of its programs, contracts and purchase of goods and services in accordance with state law (chapter 14.1 of title 37 and “regulations governing participation by minority business enterprises in state funded and directed public construction projects, construction contracts and procurement contracts for goods and services”).

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Terms Used In Rhode Island General Laws 42-99-18

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b)  Further, the authority shall adopt and make a good faith effort to implement minimum utilization goals of twenty percent (20%) for MBE’s to function as retail vendors, concession owner/operators, and contractors within the completed convention center and its affiliated entities.

History of Section.
P.L. 1991, ch. 37, § 2.