5.25.020 Indian firm eligibility requirements.
In order to receive certification as an Indian firm, an entity must meet the following eligibility requirements:
(a) The entity must be a nonprofit or for-profit entity where an Indian or Indians own at least a 51 percent interest and where such Indian or Indians have managerial and operational control of the business operations.
(b) The Indian owner(s) must possess the power to direct or cause the direction to the management and policies of the entity and to make day-to-day, as well as long-term, decisions on matters of management, policy and operations.
(c) At least 51 percent of the profits must flow to the Indian owner(s).
(d) The entity must not be tied to another firm in such a way as to compromise its independence and control. [Ord. 58 § 4402, amended, 5/9/2019; Ord. 34 § 4402, adopted, 2/6/2014.]