Maine Revised Statutes

§13063-J. Definitions

As used in this article, unless the context otherwise indicates, the following terms have the following meanings. [2001, c. 471, Pt. A, §7 (NEW).]

1. Community-based organization.  "Community-based organization" means a nonprofit organization that has:
A. A viable plan for providing training and technical assistance to microenterprises; [2001, c. 471, Pt. A, §7 (NEW).]
B. Broad-based community support; [2001, c. 471, Pt. A, §7 (NEW).]
C. An adequate source of operating capital; and [2001, c. 471, Pt. A, §7 (NEW).]
D. A demonstrated need for funding to provide training and technical assistance to microenterprises. [2001, c. 471, Pt. A, §7 (NEW).]
[ 2001, c. 471, Pt. A, §7 (NEW) .]
2. Fund.  "Fund" means the Maine Microenterprise Initiative Fund established in section 13063-K.
[ 2001, c. 471, Pt. A, §7 (NEW) .]
3. Microenterprise.  "Microenterprise" means a business located in the State that produces goods or provides services and has fewer than 10 full-time equivalent employees.
[ 2001, c. 471, Pt. A, §7 (NEW) .]
SECTION HISTORY
2001, c. 471, §A7 (NEW).