SECTION 29.72. Definitions

The following words and terms when used in this subchapter, shall have the following meanings unless the context clearly indicates otherwise.

(1) Act--Section 12.0271 of the Texas Agriculture Code, enacted in Senate Bill 1016, 81st Texas Legislature, R.S.

(2) Commissioner--The Commissioner of the Texas Department of Agriculture.

(3) Department--The Texas Department of Agriculture.

(4) Community Development Financial Institution--A Texas Community Development Financial Institution certified by the United States Department of the Treasury in accordance with the federal Community Development Banking and Financial Institutions Act of 1994, 12 United States Code, §4701, et seq.

(5) Economic Development Corporation--A Texas nonprofit corporation in good standing that has obtained a letter ruling from the United States Internal Revenue Service confirming its status as a nonprofit organization described in §501(c)(3) of the Internal Revenue Code of 1986, and whose purpose is to promote economic development in Texas rural areas.

(6) Eligible Entity--Defined in §29.73 of this title (relating to Eligible Entity).

(7) Nonretail Enterprise--A private enterprise whose sole business is selling to retailers or jobbers, rather than to consumers.

(8) Program--The Rural Economic Development and Investment Program established by the Act and this subchapter.

Source Note: The provisions of this §29.72 adopted to be effective November 14, 2010, 35 TexReg 10043