Tex. Gov't Code Section 489.301
Definitions

In this subchapter:

(1)

“Declared disaster” means a state of disaster declared by the governor under Chapter 418 (Emergency Management).

(2)

“Financial institution” includes a bank, trust company, banking association, savings and loan association, mortgage company, investment bank, credit union, and nontraditional financial institution.

(3)

“Micro-business” means a corporation, partnership, sole proprietorship, or other legal entity that:

(A)

is domiciled in this state and has at least 95 percent of its employees located in this state;

(B)

is formed to make a profit; and

(C)

employs not more than 20 employees.

(4)

“Participating financial institution” means a financial institution participating in the program.

(5)

“Program” means the micro-business disaster recovery loan guarantee program.
Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.

Source: Section 489.301 — Definitions, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­489.­htm#489.­301 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 489.301’s source at texas​.gov