New Jersey § 34:1b-48
Full text of New Jersey New Jersey Statutes § 34:1b-48, with citation guidance and answers to common questions.
§ 34:1b-48.
For the purposes of this act: a. “ Authority ” means the New Jersey Development Authority for Small Businesses, Minorities and
Women's Enterprises established pursuant to the provisions of this act; b. “ Board ” means the board of directors of the New Jersey Development Authority for Small Businesses,
Minorities and Women's Enterprises established pursuant to the provisions of this
act; c. “Eligible business” means a small business or a minority or women's business determined
to be eligible to receive assistance and participate in programs according to the
standards established pursuant to this act; d. “ Minority ” means a person who is: (1) Black, which is a person having origins in any of the black racial groups in Africa;
or (2) Hispanic, which is a person of Spanish or Portuguese culture, with origins in
Mexico, South or Central America, or the Caribbean islands, regardless of race; or (3) Asian-American, which is a person having origins in any of the original peoples
of the Far East, Southeast Asia, and Indian subcontinent, Hawaii, or the Pacific Islands;
or (4) American Indian or Alaskan native, which is a person having origins in any of
the original peoples of North America; e. “ Minority business ” means a business in which at least 51% of the beneficial ownership of the business
is held by minorities, and in which the majority of the management are minorities; f. “ Small business ” means a business in which at least 51% of the beneficial ownership of the business
is held by persons other than minorities or women and the majority of the management
of which is other than minorities or women, and which business is of a type and size
defined by the Commissioner of the Department of Commerce and Economic Development
as a small business, which definition shall be similar to that of the federal Small
Business Administration; g. “ Women ” means a woman, regardless of race; h. “ Women's business ” means a business in which at least 51% of the beneficial ownership of the business
is held by women, and in which the majority of the management are women.
Frequently Asked Questions About New Jersey § 34:1b-48
What does New Jersey Statutes § 34:1b-48 cover?
Section 34:1b-48 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 34:1b-48?
A common citation format is "New Jersey Statutes § 34:1b-48" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 34:1b-48 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.