{"data":{"id":"us-tx/tex.-government-code-489.301","jurisdiction":"us-tx","citation":"Tex. Government Code § 489.301","heading":"DEFINITIONS.","body":"In this subchapter:\n(1) \"Declared disaster\" means a state of disaster declared by the governor under Chapter 418.\n(2) \"Financial institution\" includes a bank, trust company, banking association, savings and loan association, mortgage company, investment bank, credit union, and nontraditional financial institution.\n(3) \"Micro-business\" means a corporation, partnership, sole proprietorship, or other legal entity that:\n(A) is domiciled in this state and has at least 95 percent of its employees located in this state;\n(B) is formed to make a profit; and\n(C) employs not more than 20 employees.\n(4) \"Participating financial institution\" means a financial institution participating in the program.\n(5) \"Program\" means the micro-business disaster recovery loan guarantee program.\nAdded by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.","path":["GOVERNMENT CODE","TITLE 4. EXECUTIVE BRANCH","SUBTITLE F. COMMERCE AND INDUSTRIAL DEVELOPMENT","CHAPTER 489. TEXAS ECONOMIC DEVELOPMENT BANK","SUBCHAPTER F. MICRO-BUSINESS DISASTER RECOVERY LOAN GUARANTEE PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.489.htm#489.301","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"73b07cae14456a7452c38ec919274399f5ed95cfbdf451fae3d046358f767c14","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-489.259","next":"us-tx/tex.-government-code-489.302"},"notice":"GroundRules: Original legal text. Not legal advice."}