27M-3.001. Definitions and Forms (Transferred)

As used in this Rule Chapter 27M-3, F.A.C., the following capitalized terms have the meanings indicated. All referenced forms are available on the internet at http://www.flgov.com/otted_home or may be obtained from the Office.

(1) “Act” means the Florida Black Business Investment Act, Sections 288.7065 through 288.714, F.S.

(2) “Agreement” means the standard “Black Business Loan Program Recipient Agreement” form OTTED 7102-5 (5/10) which is hereby incorporated by reference.

(3) “Applicant” means a corporation that seeks certification under Section 288.7102, F.S., as a Recipient of funds to provide loans, loan guarantees, or investments in black business enterprises pursuant to the Act.

(4) “Application” means the standard “Application for Certification as Eligible Recipient of Funds under the Black Business Loan Program” form OTTED 7102-1 (5/10) which is hereby incorporated by reference.

(5) “Application Evaluation Form” means the standard “Black Business Loan Program Application Evaluation” form OTTED 7102-2 (5/10) which is hereby incorporated by reference.

(6) “Application Period” means the annual period during which Applicants may submit Applications, which shall be May 1 through June 1 (or the next business day) of each year in which there is a legislative appropriation to fund the Program.

(7) “Certification and Allocation Decision Form” means the standard “Black Business Loan Program Certification and Allocation Decision” form OTTED 7102-4 (5/10) which is hereby incorporated by reference.

(8) “Eligible” means that an Applicant has demonstrated satisfaction of each of the requirements specified in Section 288.7102(4), F.S.

(9) “Existing Recipient” means an Applicant that, after a certification process, the Office certified to receive Program funds for the previous year and that entered into an Agreement with the Office.

(10) “New Recipient” means an Applicant that the Office did not certify for the previous year.

(11) “Office” means the Office of Tourism, Trade and Economic Development, whose address is Suite 1902, The Capitol, 402 S. Monroe Street, Tallahassee, Florida 32399.

(12) “Program” means the Black Business Loan Program established by Section 288.7102, F.S.

(13) “Recipient” means an Applicant that, after a competitive certification process, the Office certifies to receive Program funds and that enters into an Agreement with the Office.

(14) “Summary Recommendation Form” means standard “Black Business Loan Program Summary Recommendation” form OTTED 7102-3 (5/10) which is hereby incorporated by reference.

Rulemaking Authority 288.7102(7) FS. Law Implemented 288.7094(2), 288.7102 FS. History–New 9-1-08, Amended 10-10-10.