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Texas Statutes (Last Updated: January 4, 2014) |
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AGRICULTURE CODE |
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Title 4. AGRICULTURAL ORGANIZATIONS |
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Chapter 58. AGRICULTURAL FINANCE AUTHORITY |
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Subchapter A. GENERAL PROVISIONS |
Sec. 58.002. DEFINITIONS
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In this chapter:
(1) "Agricultural business" means:
(A) a business that is or proposes to be engaged in producing, processing, marketing, or exporting an agricultural product;
(B) an eligible applicant as defined in Subchapter E;
(C) the entity designated to carry out boll weevil eradication in accordance with Section 74.1011;
(D) any agriculture-related business in rural areas of Texas including a business that provides recreational activities, including hiking, fishing, hunting, or any other activity associated with the enjoyment of nature or the outdoors on agricultural land;
(E) a state agency or an institution of higher education that is engaged in producing an agricultural product;
(F) a business that holds a permit under Subchapter L, Chapter 43, Parks and Wildlife Code; or
(G) any other business in a rural area of this state.
(2) "Agricultural product" means an agricultural, horticultural, viticultural, or vegetable product, bees, honey, fish or other seafood, planting seed, livestock, a livestock product, a forestry product, poultry, or a poultry product, either in its natural or processed state, that has been produced, processed, or otherwise had value added to it in this state.
(3) "Authority" means the Texas Agricultural Finance Authority.
(4) "Board" means the board of directors of the authority.
(5) "Bond" includes any type of obligation issued under this Act, including without limitation, any bond, note, draft, bill, warrant, debenture, interim certificate, revenue of bond anticipation note, grant, or any other evidence of indebtedness.
(6) "Commissioner" means the commissioner of agriculture.
(7) "Eligible agricultural business" means an agricultural business having its principal place of business in this state.
(8) "Lender" means a lending institution including a bank, trust company, banking association, savings and loan association, mortgage company, investment banker, credit union, life insurance company, underwriter, or any affiliate of any of those entities, and also includes any other financial institution or governmental agency that customarily provides financing of agricultural loans or mortgages, or any affiliate of such an institution or agency.
(9) "Rural area" means an area which is predominately rural in character, being one which the board defines and declares to be a rural area.