Tennessee § 54-1-124 - Funds for contracts with disadvantaged business concerns or enterprises.
Full text of Tennessee Tennessee Code Annotated § 54-1-124 — Funds for contracts with disadvantaged business concerns or enterprises., with citation guidance and answers to common questions.
§ 54-1-124. Funds for contracts with disadvantaged business concerns or enterprises.
As used in this section, “disadvantaged business concern or enterprise” includes, but is not limited to, a business concern or enterprise that is solely owned, or at least fifty-one percent (51%) of the assets or outstanding stock of which is owned, by an individual who personally manages and controls the daily operations of the business concern or enterprise and who is impeded from normal entry into the economic mainstream because of: A disability as defined in § 4-26-102; or Past practices of racial discrimination against African-Americans. The commissioner of transportation is authorized to set aside an amount not to exceed ten percent (10%) of certain funds appropriated by congress for use by the department of transportation to contract with disadvantaged business concerns or enterprises. This section shall be automatically repealed upon the expiration of the federal law appropriating the funds. Acts 1984, ch. 737, §§ 1, 2; 1987, ch. 277, § 1; 1993, ch. 488, § 5; 1994, ch. 767, § 3; 1994, ch. 981, § 3. Cross-References. Enhanced policymaking role for minority business, § 4-3-2305 .
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 54-1-124
What does Tennessee Code Annotated § 54-1-124 cover?
Section 54-1-124 ("Funds for contracts with disadvantaged business concerns or enterprises.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 54-1-124?
A common citation format is "Tennessee Code Annotated § 54-1-124" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 54-1-124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.