[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: 48CFR819.7002]



[Page 190]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 8--DEPARTMENT OF VETERANS AFFAIRS

 

PART 819_SMALL BUSINESS AND SMALL DISADVANTAGED BUSINESS CONCERNS--Table of 

Contents

 

       Subpart 819.70_Veteran-Owned and Operated Small Businesses

 

Sec. 819.7002  Definition.



    A veteran-owned small business is a small business that is at least 

51 percent owned by a veteran who also controls and operates the 

business. Control in this context means exercising the power to make 

policy decisions. Operate in this context means actively involved in 

day-to-day management. For purposes of this definition, eligible 

veterans include:

    (a) Veterans who served in the U.S. Armed Forces and were discharged 

or released under conditions other than dishonorable.

    (b) Vietnam era veterans who served for a period of more than 180 

days, any part of which was between August 5, 1964, and May 7, 1975, and 

were discharged other than dishonorably.

    (c) Disabled veterans with a minimum compensable disability of 30 

percent, or a veteran who was discharged for disability.



[49 FR 12608, Mar. 29, 1984, as amended at 54 FR 40064, Sept. 29, 1989; 

55 FR 49900, Dec. 3, 1990]