4-3-729 - Annual reports.
4-3-729. Annual reports.
(a) Each agency that receives public funding to assist small businesses shall file an annual report with the department of economic and community development. The reports filed by each such agency shall include an analysis detailing the accomplishments of the agency, including, but not limited to, the number of businesses served, the status of those programs it is charged with administering, and the status of each business the agency has assisted.
(b) The office of minority business enterprise or other appropriate department, office or division of the department of economic and community development shall prepare a report to be filed with the commissioner compiling an analysis of all the data required to be filed by this section by each such agency. The commissioner shall annually report the results of such data to the general assembly.
(c) For purposes of this section, small business means a business with a sales volume of two hundred thousand dollars ($200,000) or less or that employs fewer than fifteen (15) persons.
(d) Nothing in this section shall require any small business as defined in subsection (c) either to answer any question or to complete any form.
[Acts 1988, ch. 620, § 1.]