[Code of Federal Regulations]

[Title 48, Volume 5]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR726.7002]



[Page 34]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

             CHAPTER 7--AGENCY FOR INTERNATIONAL DEVELOPMENT

 

PART 726_OTHER SOCIOECONOMIC PROGRAMS--Table of Contents

 

            Subpart 726.70_Disadvantaged Enterprises Program

 

Sec. 726.7002  Definitions.



    (a) Controlled by socially and economically disadvantaged 

individuals means management and daily business are controlled by one or 

more such individuals.

    (b) Disadvantaged enterprises means U.S. organizations or 

individuals that are:

    (1) Business concerns (as defined in FAR 19.001) owned and 

controlled by socially and economically disadvantaged individuals;

    (2) Institutions designated by the Secretary of Education, pursuant 

to 34 CFR 608.2, as historically black colleges and universities;

    (3) Colleges or universities having a student body in which more 

than 40 percent of the students are Hispanic American; or

    (4) Private voluntary organizations which are controlled by 

individuals who are socially and economically disadvantaged.

    (c) Economically disadvantaged individuals has the same meaning as 

in FAR 19.001, except that the term includes women.

    (d) Owned by socially and economically disadvantaged individuals 

means at least 51 percent owned by one or more individuals who are both 

socially and economically disadvantaged, or a publicly owned business 

having at least 51 percent of its stock owned by one or more socially 

and economically disadvantaged individuals.

    (e) Small disadvantaged business means a small business concern (as 

defined in FAR 19.001) that is at least 51 percent unconditionally owned 

by one or more individuals who are both socially and economically 

disadvantaged (as defined in this section), or a publicly owned business 

that has at least 51 percent of its stock unconditionally owned by one 

or more socially and economically disadvantaged individuals (as defined 

in this section) and that has its management and daily business 

controlled by one or more such individuals.

    (f) Socially disadvantaged individuals has the same meaning as in 

FAR 19.001, except that the term includes women.



[56 FR 27209, June 13, 1991, as amended at 56 FR 52212, Oct. 18, 1991. 

Redesignated at 61 FR 39093, July 26, 1996]