Tex. Gov't Code Section 489.301

In this subchapter:


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


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


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


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


is formed to make a profit; and


employs not more than 20 employees.


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


“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).

Jun. 5, 2024

§ 489.301’s source at texas​.gov