LAC 13: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.