LAC 70:XIX.119. Eligibility Requirements

A. Applicants must meet all of the following eligibility requirements: 1. businesses resident of and domiciled in the state of Louisiana; 2. a small business as defined in Section 3 of the Small Business Act; 3. at least 51 percent owned and controlled by one or more socially or economically disadvantaged minority individuals as defined in these rules; 4. capable of, and intends to perform a commercially useful function, as defined in these rules; 5. an independent, operational and functional business, as defined in these rules; 6. a business with adequate resources with which to perform the work of a contract.