(a) In this subtitle the following words have the meanings indicated.
(b) “Veteran” means an individual who is verified to be a veteran, as defined in § 9-901 of the State Government Article.
(c) “Veteran-owned small business enterprise” means a for-profit business that:
(1) meets the size standards adopted by the United States Small Business Administration in 13 C.F.R. 121.201 and any subsequent revision of that regulation; and
(2) is at least 51% owned by one or more individuals who:
(i) are veterans; and
(ii) control the management and daily operations of the business.