KRS 154.12-325: Definitions for KRS 154.12-325 and 154.12-330.

As used in KRS 154.12-325 and 154.12-330:

(1) "Affiliate" has the same meaning as provided in KRS 154.22-010(2);

(2) "Full-time employee" means a person employed for a minimum of thirty -five (35)

hours per week and subject to the tax imposed by KRS 141.020;

(3) "Service or technology" has the same meaning as provided in KRS 154.24 -010(19)

and shall include regional or headquarters operations of an entity engaged in the

defined activities, but shall not include work involving direct service to the public

pursuant to a license issued by the state or an association that issues licenses in lieu

of the state; and

(4) "Small business" means any business entity organized for profit, including a sole

proprietorship, partnership, limited partnership, corporation, lim ited liability

company, joint venture, association, or cooperative, that has fifty (50) or fewer full -

time employees at the time it applies for a loan under KRS 154.12-330 and is not an

affiliate or subsidiary of a larger corporate structure, unless the to tal number of

employees of all the affiliates and subsidiaries within that structure is fifty (50) or

fewer.