§ 154-12-325

154.12 -325 Definitions for KRS 154.12 -325 and 154.12 -330. As used in KRS 154.12 -325 and 154.12 -330: (1) 'Affiliate' has the same meaning as provided in KRS 154.22 -010(2); (2) 'Full -time employee' means a person employed for a minimum of thirty -five (35) hours per week and subject to the tax imposed by KRS 141.020 ; (3) 'Service or technology' has the same meaning as provided in KRS 154.24 -010(19) and shall include regional or headquarters operations of an entity engaged in the defined activities, but shall not include work involving direct service to the public pursuant to a license issued by the state or an association that issues licenses in lieu of the state; and (4) 'Small business' means any business entity organized for profit, including a sole proprietorship, partnership, limited partnership, corporation, lim ited liability company, joint venture, association, or cooperative, that has fifty (50) or fewer full - time employees at the time it applies for a loan under KRS 154.12 -330 and is not an affiliate or subsidiary of a larger corporate structure, unless the to tal number of employees of all the affiliates and subsidiaries within that structure is fifty (50) or

154.12 -330 and is not an affiliate or subsidiary of a larger corporate structure, unless the to tal number of employees of all the affiliates and subsidiaries within that structure is fifty (50) or fewer. Effective: July 12, 2006 History: Amended 2006 Ky. Acts ch. 149, sec. 212, effective July 12, 2006. -- Created 2005 Ky. Acts ch. 158, sec. 1, effec tive June 20, 2005.