La. Admin. Code tit. 13 § I-4903

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-4903 - Definitions

A. Terms not otherwise defined in this Chapter shall have the same meaning given to them in R.S. 51:2401, unless the context clearly requires otherwise.

B. In this Chapter, the following terms shall have the meanings provided herein, unless the context clearly indicates otherwise.

Applicant-a person requesting a grant award from LED under this program.

Department-Louisiana Department of Economic Development.

Federal Notice of Award-a document issued by a federal agency evidencing approval of an SBIR or STTR application, including but not limited to amount of funding awarded, agreement number and topic number.

LED-Louisiana Department of Economic Development.

LED Grant Letter-a letter issued by LED to a person for a particular calendar year, setting forth the amount, terms and conditions of the grant.

Louisiana Small Business-a for profit, Louisiana domiciled business with fewer than 500 employees.

Person-any natural person or legal entity including an individual, corporation, partnership, or limited liability company.

Retention Fund-Small Business Innovation Retention Fund.

Secretary-Secretary of the Louisiana Department of Economic Development.

La. Admin. Code tit. 13, § I-4903

Promulgated by the Department of Economic Development, Office of the Secretary, LR 49850 (5/1/2023).

AUTHORITY NOTE: Promulgated in accordance with R.S. 36:104 and 51:2401