65-5-112 - Small and minority-owned telecommunications business participation plan. - Tennessee Statutes

65-5-112. Small and minority-owned telecommunications business participation plan.

Each telecommunications service provider shall file with the authority a small and minority-owned telecommunications business participation plan within sixty (60) days of June 6, 1995. Competing telecommunications service providers shall file such plan with the authority with their application for a certificate. Such plan shall contain such entity's plan for purchasing goods and services from small and minority telecommunications businesses and information on programs, if any, to provide technical assistance to such businesses. All providers shall update plans filed with the authority annually. For purposes of Acts 1995, ch. 408, “minority business” means a business which 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 the daily operations of such business, and who is impeded from normal entry into the economic mainstream because of race, religion, sex or national origin and such business has annual gross receipts of less than four million dollars ($4,000,000). For purposes of Acts 1995, ch. 408, “small business” means a business with annual gross receipts of less than four million dollars ($4,000,000).

[Acts 1995, ch. 408, § 16; T.C.A. § 65-5-212.]