This information is directly from:
Office of Small and Minority
Business
Department of General Services
Purpose
The State
of California mandates a three percent Disabled Veteran Business Enterprise
(DVBE) participation goal to further disabled veteran participation in state
contracting. DVBEs must be OSMB certified to claim program eligibility.
Description
California mandates a DVBE contracting
participation goal of at least 3 percent.
The law defines a disabled
veteran as a United States military, naval or air service veteran with a service
related disability of at least 10 percent and who is a resident of the State of
California.
For a firm to be certified by the OSMB as a DVBE, it must
submit a completed Small Business and/or Disabled Veteran Business Enterprise
Certification Application (STD 812) and meet the following legal requirements:
It is a sole proprietorship or partnership at least 51 percent owned by
one or more disabled veterans or, in the case of a publicly owned business, with
at least 51 percent of its stock owned by one or more disabled veterans; a
subsidiary which is wholly owned by a corporation in which at least 51 percent
of the parent company’s voting stock is owned by one or more disabled veterans;
or a joint venture in which at least 51 percent of the joint venture’s
management, control and earnings are held by one or more disabled
veterans. One or more disabled veterans control the management and daily
control of the daily
business operations. The disabled veteran(s) exercising
management and control need not be the same disabled veteran(s) who own the
firm. It is a sole proprietorship, partnership or corporation with its
home office located in the United States and is not a branch or subsidiary of a
foreign corporation, firm or business.
Authority
Public Contract Code, Part
2, Division 2, Chapter 1, Article 1.5, Section 10115 et seq.; California
Military and Veterans Code, Article 6 , Section 999 et seq.; and
California Code of Regulations , Title 2, Division 2, Chapter 3,
Subchapter 10.5, Sections 1896.70 -
1896.85