North Carolina General Statutes > Chapter 143 > Article 3 – Purchases and Contracts
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Terms Used In North Carolina General Statutes > Chapter 143 > Article 3 - Purchases and Contracts
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Contract: A legal written agreement that becomes binding when signed.
- Conviction: A judgement of guilt against a criminal defendant.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Disabled: A person with a disability as defined in N. See North Carolina General Statutes 143-128.4
- Disadvantaged: A person who is socially and economically disadvantaged as defined in 15 U. See North Carolina General Statutes 143-128.4
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- historically underutilized business: means a business that meets all of the following conditions: