Michigan § 450.792 - Definitions.
Full text of Michigan Michigan Compiled Laws § 450.792 — Definitions., with citation guidance and answers to common questions.
§ 450.792. Definitions.
As used in this act:
"Business owned by persons with disabilities" means a business in which all of the following apply:
More than 50% of the voting shares or interest in the business is owned, controlled, and operated by 1 or more persons with disabilities.
More than 50% of the net profit or loss attributable to the business accrues to shareholders who are persons with disabilities.
More than 50% of the employees of the business are residents of this state.
"Controlled" means exercising the power to make policy decisions in a business.
"Department" means a principal department of the executive branch of the state government.
"Disability" means a determinable physical or mental impairment of an individual or the history of an impairment that may result from disease, injury, congenital condition of birth, or functional disorder.
"Expenditures" means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor. This definition does not apply to expenditures by the department of transportation for road and bridge construction projects which receive federal funds under section 112(b) of title 23 of the United States Code, 23 U.S.C. 112, 23 C.F.R. 635.104(a), and other applicable federal law until federal law recognizes small businesses owned by persons with disabilities.
"Joint venture" means an agreement that combines 2 or more businesses for specified purposes involving 1 or more businesses owned by persons with disabilities and 1 or more businesses other than a business owned by persons with disabilities.
"Operated" means the activity of being involved in the day-to-day management of a business.
"Person" means an individual, sole proprietorship, partnership, association, or corporation.
"Person with disabilities" means an individual with 1 or more disabilities.
"Subcontract" means an agreement to share a prime contract between a prime contractor and a business owned by persons with disabilities.
Frequently Asked Questions About Michigan § 450.792
What does Michigan Compiled Laws § 450.792 cover?
Section 450.792 ("Definitions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 450.792?
A common citation format is "Michigan Compiled Laws § 450.792" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 450.792 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.