§ 34-1b-252

34:1B-252 Definitions relative to certain small business funding. 1. As used in sections 1 and 2 of P.L.2016, c.84 (C.34:1B-252 et seq.): 'Association' means a non-profit business advocacy association whose membership comprises small businesses in need of surety bonding. 'Authority' shall have the same meaning as provided in section 3 of P.L.1974, c.80 (C.34:1B-3). 'Fund' means the 'Small Business Bonding Readiness Assistance Fund' established pursuant to section 2 of P.L.2016, c.84 (C.34:1B-253). 'Program' means the 'Small Business Bonding Readiness Assistance Program' established pursuant to section 2 of P.L.2016, c.84 (C.34:1B-253). 'Small business' means a business engaged in the conduct of a trade or business in this State that qualifies as a 'small business concern' within the meaning of the federal 'Small Business Act,' Pub.L.85-536 (15 U.S.C. s.631 et seq.) for the purpose of the small business's eligibility for performing a contract offered by the federal government or for assistance from the United States Small Business Administration. 'Small business' shall also include a small business established in this State that is certified, pursuant to federal law, under the

r assistance from the United States Small Business Administration. 'Small business' shall also include a small business established in this State that is certified, pursuant to federal law, under the United States Small Business Administration's 8(a) Business Development Program or the HUBZone Program, or as a Small Disadvantaged Business, or as a Section 3 business concern by the United States Department of Housing and Urban Development. L.2016, c.84, s.1.