Tennessee Statutes

§ 7-88-116 — Involvement of minority-owned business

Tennessee·Title 7
(a)For the purposes of this section, unless the context otherwise requires:
(1)"Covered qualified public use facility" means a qualified public use facility that elects to qualify as a qualified public use facility under § 7-88-103(7)(A)(ii) or (7)(A)(iii) . "Covered qualified public use facility" also means a qualified public use facility created after January 1, 2007, in any county that does not have a metropolitan form of government;
(2)"Local government" means a municipality that creates a tourism development zone for the benefit of a covered qualified public use facility;
(3)"Minority-owned business" means a business 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 t

Free access — add to your briefcase to read the full text and ask questions with AI

Tennessee § 7-88-116 (Involvement of minority-owned business) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by 2020 Tenn. Acts, ch. 711, s 3, eff. 6/15/2020. Amended by 2013 Tenn. Acts, ch. 236, s 66, eff. 4/19/2013. Acts 2007 , ch. 524, § 6; 2007 , ch. 593, §§ 6, 7

Nearby Sections

15
View on official source ↗