1. "Administrator" means the Small Business Surety Bond Guaranty Program Administrator;
2. "Fund" means the Small Business Surety Bond Guaranty Fund;
3. "Indemnity fund" means a fund established through the Office of Management and Enterprise Services to underwrite the Small Business Surety Bond Guaranty Program;
4. "Principal" means a small business entity as defined pursuant to Section 3 of the Small Business Act, 16 U.S.C. Section 632;
5. "Program" means the Small Business Surety Bond Guaranty Program; and
6. "Surety" means a corporation granted authority by the Insurance Commissioner to write bonds or insurance in this state guaranteeing the performance of contracts.
Added by Laws 1990, c. 236, § 2, eff. July 1, 1991. Amended by Laws 2012, c. 304, § 768.