Section 1695. Definitions

As  used in this article, unless the context
  requires otherwise:
    a. "Chairman" means the chairman of the dormitory authority.
    b. "Minority business  concern"  means  a  socially  and  economically
  disadvantaged  applicant  concern which is owned or controlled by one or
  more persons who have been deprived of the opportunity  to  develop  and
  maintain  a  competitive  position  in  the economy because of social or
  economic disadvantages. Such  disadvantages  may  arise  from  cultural,
  social  or  economic  circumstances.  Such  persons include, but are not
  limited  to,  Black  Americans,  American  Indians,   Spanish-Americans,
  Oriental-Americans,  Eskimos,  Aleuts and servicemen in the armed forces
  during the Vietnam era.
    c. "Small business" means a business which is independently owned  and
  operated,  and  which  is  not  dominant  in the field of operation. The
  authority shall establish  a  detailed  definition  by  rule,  using  in
  addition to the foregoing criteria, other criteria, including the number
  of  employees and the dollar volume of business. When computing the size
  status of a bidder, annual sales and receipts of the bidder and  all  of
  its  affiliates  shall  be included. The maximum number of employees and
  the maximum dollar volume which a small  business  may  have  under  the
  rules  promulgated by the authority shall vary from industry to industry
  to the extent necessary to reflect  differing  characteristics  of  such
  industries  based  on  the  criteria  used by the federal Small Business
  Administration for loans to small businesses as  set  forth  in  Section   121.3-10   and  Schedules  A,  C  and  D  (or  for  awarding  government
  procurements as set forth in Section 121.3-S and Schedule B) of Part 121
  of Chapter I of Title 13 of the Code of Federal Regulations, as amended,
  subject  to  the  following  general  limitations   unless   the   above
  regulations  provide for other size or annual receipts standards for any
  industry or subindustry;
    (1) No wholesale business is a small business if its annual sales  for
  its  most recently completed fiscal year, nor is a construction business
  if its average annual receipts for the  preceding  three  fiscal  years,
  exceed five million dollars.
    (2)  No  retail  business  or  business  selling  services  is a small
  business if its annual sales and receipts exceed one million dollars.
    (3) No manufacturing business is a small business if it  employs  more
  than two hundred fifty persons.
    d. "Small business set-asides" means a purchase request for which bids
  are  to  be  invited  and  accepted  only  from  small businesses by the
  chairman.
    * NB There are 2 § 1695's