Sec. 489.301.  DEFINITIONS.  In this subchapter:
(1)  "Declared disaster" means a state of disaster declared by the governor under Chapter 418. 
(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.