4 Tex. Admin. Code § 29.22

Current through Reg. 49, No. 45; November 8, 2024

Section 29.22 - Definitions

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, § RSA 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 RSA 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.

4 Tex. Admin. Code § 29.22

Adopted by Texas Register, Volume 45, Number 52, December 25, 2020, TexReg 9409, eff. 12/29/2020