As used in this act:

“Authority” shall mean the public body corporate and politic created pursuant to this act.

“Board” or “board of directors” means the governing body of the authority.

“Bonds” means and includes the notes, bonds, refunding notes and bonds and other evidence of indebtedness or obligations which the authority is authorized to issue pursuant to this act.

“Federal agency” means and includes the United States of America, the President of the United States of America, and any department of or corporation, agency or instrumentality heretofore or hereafter created, designated or established by the United States of America.

“Minority business enterprise” means a business enterprise, other than a bar, tavern or any other enterprise which has as its primary function the dispensing of alcoholic beverages on a retail basis, that is owned or controlled by one or more socially or economically disadvantaged persons who are residents of the Commonwealth of Pennsylvania. Such disadvantage may arise from cultural, racial, chronic economic circumstances or background or other similar cause. Such persons include, but are not limited to, Negroes, Puerto Ricans, Spanish-speaking Americans, American Indians, Eskimos and Aleuts.

“Minority contractor” means a minority business enterprise which has entered into a contract, purchase order or other procurement arrangement with an agency or a contractor of the Commonwealth and has received, is to receive or is receiving public funds from the Commonwealth under such contract, purchase order or other procurement arrangement, including, but not limited to, subcontractors under a Commonwealth contract.

“Secretary” means the Secretary of Commerce of this Commonwealth.

“Socially or economically disadvantaged persons” means persons, regardless of sex or marital status, who are members of groups whose disadvantage may arise from cultural, racial, chronic economic circumstances or background or other similar cause. Such persons include, but are not limited to, Negroes, Puerto Ricans, Spanish-speaking Americans, American Indians, Eskimos and Aleuts.