As used in sections 32-353 to 32-355, inclusive:
(1) “Commissioner” means the Commissioner of Economic and Community Development;
(2) “Minority-owned business” means any business (A) that is a minority business enterprise, as defined in section 4a-60g, and (B) that is a small business having fifty or fewer employees; and
(3) “Financial institution” means any trust company, bank, savings bank, credit union, savings and loan association, insurance company, investment company, mortgage banker, trustee, executor, pension fund, retirement fund or other fiduciary or private financial institution.
(P.A. 99-208, S. 4.)