Tennessee § 49-8-114 - Contracts — Small businesses — Minority owned businesses.
Full text of Tennessee Tennessee Code Annotated § 49-8-114 — Contracts — Small businesses — Minority owned businesses., with citation guidance and answers to common questions.
§ 49-8-114. Contracts — Small businesses — Minority owned businesses.
Notwithstanding any other law to the contrary, state universities and community colleges may set aside an amount not to exceed ten percent (10%) of the total amount of funds allocated for the procurement of personal property and services for the purpose of entering into contracts with small businesses and minority-owned businesses. The contracts shall be competitively bid among small businesses and minority-owned businesses. For the purposes of this section, “small businesses” and “minority-owned businesses” mean a business that is solely owned, or at least fifty-one percent (51%) of the outstanding stock of which is owned, by a person who is impeded from normal entry into the economic mainstream because of past practices of discrimination based on race, religion, ethnic background, sex or service in the armed forces during the Vietnam War; provided, that it is not the policy of the state to encourage employment outside the home of mothers of minor children. “Minority-owned businesses” includes a business 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 is impeded from normal entry into the economic mainstream because of a disability as defined in § 4-26-102. “Minority owned businesses” also includes a business 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 is impeded from normal entry into the economic mainstream because of past practices of racial discrimination against African-Americans. Acts 1987, ch. 354, § 2; 1989, ch. 375, § 2; 1993, ch. 488, § 4; 1994, ch. 767, § 3; 1994, ch. 981, § 2. Cross-References. Local education associations, contracts with small businesses and minority owned businesses, § 49-3-322 . Law Reviews. The Future of Affirmative Action in Tennessee (M. Jill Austin and Lara Womack), 35 No. 7 Tenn. B.J. 12 (1999).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-8-114
What does Tennessee Code Annotated § 49-8-114 cover?
Section 49-8-114 ("Contracts — Small businesses — Minority owned businesses.") 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 § 49-8-114?
A common citation format is "Tennessee Code Annotated § 49-8-114" (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 § 49-8-114 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.