Amend CSSB 178 by inserting the following as new SECTION 21,
and renumbering the subsequent SECTIONS appropriately:
SECTION 21. Section 2161.001(2), Government Code, is amended
to read as follows:
(2) "Historically underutilized business" means an entity
with its principal place of business in Texas and which is:
(A) a corporation formed for the purpose of making a
profit in which 51 percent or more of all classes of the shares of
stock or other equitable securities are owned by one or more
socially disadvantaged persons who have a proportionate interest
and actively participate in the corporation's control, operation,
and management;
(B) a sole proprietorship created for the purpose of
making a profit that is completely owned, operated, and controlled
by a socially disadvantaged person;
(C) a partnership formed for the purpose of making a
profit in which 51 percent or more of the assets and interest in
the partnership are owned by one or more socially disadvantaged
persons who have a proportionate interest and actively participate
in the partnership's control, operation, and management;
(D) a joint venture in which each entity in the
venture is a historically underutilized business, as determined
under another paragraph of this subdivision; or
(E) a supplier contract between a historically
underutilized business as determined under another paragraph of
this subdivision and a prime contractor under which the
historically underutilized business is directly involved in the
manufacture or distribution of the goods or otherwise warehouses
and ships the goods.