Terms Used In Rhode Island General Laws > Chapter 37-14.3 - Veteran-Owned Business Enterprises

• Compliance: means the condition existing when a contractor has met and implemented the requirements of this chapter. See Rhode Island General Laws 37-14.3-3
• Contract: means a mutually binding legal relationship or any modification thereof obligating the seller to furnish supplies or services, including construction, and the buyer to pay for them. See Rhode Island General Laws 37-14.3-3
• Contract: A legal written agreement that becomes binding when signed.
• Contractor: means one who participates, through a contract or subcontract, in any procurement or program covered by this chapter and includes lessees and material suppliers. See Rhode Island General Laws 37-14.3-3
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Economically disadvantaged: means that the veteran's personal net worth is not in excess of the economic disadvantaged criteria as established in 49 C. See Rhode Island General Laws 37-14.3-3
• 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.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Small business concern: means a concern, including its affiliates, that is independently owned and operated; not dominant in the field of operations in which it is bidding on state government contracts; and qualified as a small business under the criteria and size standards in 13 C. See Rhode Island General Laws 37-14.3-3
• United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8
• Veteran: means a person who served on active duty with the U. See Rhode Island General Laws 37-14.3-3