The following definitions shall apply to this subchapter:
(1) Act - The State Small Business Credit Initiative
Act of 2010, Public Law 111-240, as amended.
(2) Agreement - A Performance Agreement entered into
between the Department and an eligible recipient selected to participate
in the C4T Programs, including all amendments to the Agreement.
(3) Agricultural Business - A business that is or proposes
to be engaged in producing, processing, marketing, or exporting of
an agricultural product, or that is or proposes to be engaged in an
agricultural-related business in rural areas of Texas, including a
business that provides recreational activities associated with the
enjoyment of nature or the outdoors on agricultural land.
(4) Allocation Agreement - The Department's August
15, 2011 Allocation Agreement with the Treasury, as amended effective
April 18, 2012 and January 20, 2016.
(5) Capital for Texas Program - The program established
through the Allocation Agreement to provide funding to Community Development
Financial Institutions (CDFIs) in support of small business lending
in rural communities of this State.
(6) Department - The Texas Department of Agriculture.
(7) Family Relationship - Defined by Title 5, Chapter
573, Subchapter A, §573.002 of the Texas Government Code as a
relationship within the third degree of consanguinity or second degree
of affinity.
(8) Fund Manager - A venture capital firm selected
by the Department to administer all or a portion of the J4T Program.
(9) Investment - An allocation of funds, either in
the form of a grant or a loan, by the Department to an eligible Recipient
of the RED C4T Program. The Recipient administers and manages the
funds on behalf of the Department ensuring all funds administered
meet the objectives and requirements of the RED C4T Program as defined
in this subchapter and the Agreement between the Department and Recipient.
(10) Jobs for Texas Program - The venture capital program
established by the Department pursuant to the Allocation Agreement,
also referred to as the "J4T Program".
(11) Other Funds - Gifts, loans, donations, aid, appropriations,
guaranties, allocations, subsidies, grants, or contributions received
by the Department under Section 12.027(g) of the Texas Agriculture
Code, and which have been deposited in the Texas Economic Development
Fund; interest and income earned on the investment of money in the
Texas Economic Development Fund not resulting from an SSBCI investment
or loan; and other money required by law to be deposited in the Texas
Economic Development Fund.
(12) Recipient - An organization selected by the Department
to administer all or a portion of the RED C4T Program.
(13) Recycled Funds - Money in the Texas Economic Development
Fund resulting from an exit from an investment or repayment of a loan,
including all money, deposits, distributions, dividends, earnings,
gain, income, interest, proceeds, profits, program income, rents,
returns of capital, returns on investments, revenue, royalties, or
yields received or realized by the Department as a result of an investment
or loan made under the J4T, Capital for Texas or RED C4T Programs.
(14) Recycling - The use of Recycled Funds in the Texas
Economic Development Fund by the Department, or by a Recipient selected
by the Department.
(15) Rural area - An area which is predominately rural
in character and which is not adjacent to a Metropolitan Statistical
Area (MSA); an unincorporated area or a city with a population under
50,000; or a county with a nonmetropolitan population of less than
200,000.
(16) Rural Economic Development Capital for Texas Program
- The Department's rural economic development program established
by this subchapter, also referred to as "RED C4T Program".
(17) Small Business - A business with 99 or fewer employees.
(18) Solicitation Document - A document used to request
potential vendors to offer a quote, bid, or proposal to acquire goods,
supplies, grants, and services. Solicitation document may also be
referred to as a notice of funding availability, request for application,
request for proposal, request for quotation, or invitation to bid.
(19) SSBCI Funds - Money received by the Department
pursuant to the Allocation Agreement.
(20) State - The State of Texas.
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