La. Admin. Code tit. 10 § XV-103
Applicant- a Louisiana corporation organized under an incorporating statute which applies to the commissioner for a license.
Application- consist of the necessary forms prescribed by the commissioner, submitted in a completed form to the commissioner with all supporting documents requesting that a license be granted.
Business and Industrial Development Corporation (BIDCO)- a Louisiana corporation organized to help meet the financing assistance and management assistance needs of business firms in the state of Louisiana.
Business Plan- a narrative providing a general description of the proposed business and industrial development corporation which should include at a minimum a description of the BlDCO's organizational structure; its location; the types of lending and financing it intends to offer and to whom; whether it intends to provide management assistance and if so, to what extent and to whom; and whether the BIDCO will operate as a profit or nonprofit corporation.
Commissioner- the Commissioner of the Office of Financial Institutions of the Department of Economic Development.
Incorporating Statute- the Louisiana Business Corporation Law, R.S. 12:1 et seq., or any other provision of law under which a licensee is incorporated.
Institution Affiliated Party- a director, officer, employee, agent, controlling person, and other person participating in the affairs of the BIDCO.
Person- a natural person or legal entity qualified to seek a license as a business and industrial development corporation.
La. Admin. Code tit. 10, § XV-103