Texas Government Code - GOV'T § 481.401. Definitions

(1) “Capital access loan” means a loan that is entitled to be secured by the fund.

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

(3) “Fund” means the original capital access fund.

(4) “Loan” includes a line of credit.

(5) “Medium-sized business” means a corporation, partnership, sole proprietorship, or other legal entity that:

(6) “Nonprofit organization” means a private, nonprofit, tax-exempt corporation, association, or organization listed in Section 501(c)(3), Internal Revenue Code of 1986, that is domiciled in this state or has at least 51 percent of its members located in this state.

(7) “Participating financial institution” means a financial institution participating in a program.

(8) “Program” means an access to capital program established by the bank under this subchapter.

(9) “Reserve account” means an account established in a participating financial institution on approval of the bank in which money is deposited to serve as a source of additional revenue to reimburse the financial institution for losses on loans enrolled in a program.

(10) “Small business” means a corporation, partnership, sole proprietorship, or other legal entity that: