Section 248-102-I - DefinitionsA. Authority. "Authority" means the Finance Authority of Maine.B. Commercial enterprise. "Commercial enterprise" means any business enterprise but does not include an agricultural enterprise or business which has as its principal source of revenue cultivation of soil, producing of crops or raising of livestock, or their by-products.C. Financial institution. "Financial institution" means any bank, trust company, national banking association, savings bank, savings and loan association, federal savings and loan association, industrial bank, mortgage company, insurance company, credit union, local development corporation, or any other institution or entity authorized to do business in the State or any State or federal agency which customarily provides financing assistance to commercial enterprises.D. Manufacturer. "Manufacturer" means a commercial enterprise predominantly engaged in the application of knowledge, skill or labor to giving of new shapes, new qualities or new combinations to matter as material products and includes assembling, fabricating, making, creating, working, preparing, milling, processing, manufacturing, finishing, fashioning, producing, storing, warehousing, preserving, distributing, handling and transporting in any manner goods, wares, merchandise, metals, fabrics, materials, substances, product or matter of any kind or nature.E. Participation amount. "Participation amount" means that portion of the principal of a loan made under this rule which is supported by a related investment of State funds, where the loan principal is greater than the supporting investment.F. Qualified loan. "Qualified loan" means a loan 1) originated during a period commencing not more than 90 days prior to the Authority's receipt of a an application for investment of State funds to support a loan and ending 90 days after the financial institution submitting the application is sent written notification that State funds are available for investment to support the loan; and 2) is made by a financial institution which meets the criteria applicable to commercial enterprises established by 5 M.R.S.A. Section135 and this rule, for which the Treasurer may make a supporting investment equal to the loan principal or to the participation amount; or 3) is a renewal application. A loan refinancing an existing loan with the same financial institution, which is not a renewal application, is not a qualified loan.G. State. "State" means the State of Maine.H. State funds. "State funds" means only the $4,000,000 authorized for investment at a reduced rate of return under the Linked Investment Program for Commercial Enterprises.I. Renewal application. "Renewal application" means an application for a second 12 month investment period and includes the renewal of an investment made on a line of credit. A renewal application must be for an investment period immediately following the original investment period.28-248 C.M.R. ch. 102, § I