Texas Administrative Code › Title 4 - AGRICULTURE › Part 1 - TEXAS DEPARTMENT OF AGRICULTURE › Chapter 29 - ECONOMIC DEVELOPMENT › Subchapter B - RURAL ECONOMIC DEVELOPMENT CAPITAL FOR TEXAS PROGRAM › Section 29.22 - Definitions

Current through Reg. 49, No. 28; July 12, 2024
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.