§ 39:1984 — Size and length of time in business; interim certification

NOTE: This provision of law was included in the Unconstitutional Statutes
Biennial Report to the Legislature, dated March 14, 2016 .
§1984. Size and length of time in business; interim certification
A. Size of business or length of time in business shall not be
considered a prerequisite for certification. However, the division may require
that this information be provided in order to determine whether the business
qualifies for minority or women's business enterprise status under federal
regulations.
B.(1) The division may promulgate rules to provide for the issuance of
an interim certification for a potential business enterprise which is seeking
assistance from a state financial or other direct assistance program.
(2) Once the potential business is formed, the business enterprise shall
apply and maintain certification under the provisions of this Chapter for the
duration of a program loan, or for a specified length of time to be determined
by the division in the instance of any direct assistance.

Legislative History

Acts 1984, No. 653, §1, eff. July 1, 1984; Acts 1992, No. 797, §2, eff. July 1, 1992.