Okla. Stat. tit. 74, § 74-5010.5

This is the official text of Okla. Stat. tit. 74, § 74-5010.5, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.

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Certification program for women-owned businesses

Official statutory text

A. In order to facilitate contracting capabilities of women-

owned businesses with public and private entities, and to establish

criteria to certify such businesses, the Oklahoma Department of

Commerce may establish a certification program for women-owned

businesses which are in compliance with the definition of a small-

business concern as set forth in 15 U.S.C., Section 632 and in

regulations promulgated pursuant to said section by the Small

Business Administration. For purposes of this section, a women-

owned business is one that is at least fifty-one percent (51%) owned

and operated on a day-to-day basis by one or more females.

B. The Department shall issue certificates to women-owned

businesses which are small-business concerns as evidence of

ownership for the purpose of contracting with corporate or

governmental entities. Certification shall be based upon

information which is required by the Department from the business

seeking certification and which will be subject to verification and

approval by the Department. The Department shall require an

affidavit of ownership, organization and decision-making authority,

financial information and such other information deemed necessary by

the Department to evaluate a business for certification. The

Department shall have the authority to promulgate rules and

Oklahoma Statutes - Title 74. State Government Page 1042

regulations to implement the provisions of this section. The

certification program shall not replace any certification procedures

or programs of other governmental agencies.

C. Certificates issued by the Department pursuant to this

section shall not be financial guarantees or personal approvals of

businesses but shall be for the purpose of verifying that businesses

are women-owned in order to enhance the ability of such businesses

to contract with public and private entities and to access state and

federal information and assistance.

Status: in_force · Read it on the official government site

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