(a) Administering corporation shall mean:

1. (1) for the purposes of establishing and administering a minority and women revolving loan trust fund account or an administrative expense trust fund account with funds reappropriated pursuant to the trust fund reappropriation:

   1. (i) a not-for-profit corporation with jurisdiction over a service delivery region which has been established by a group of individuals who, collectively, represent the service delivery region; or

   2. (ii) any one of the following entities with jurisdiction over a service delivery region containing an economic development zone:

      1. (a) an economic development zone capital corporation established pursuant to section 964 of article 18-B of the General Municipal Law; or

      2. (b) an industrial development agency or community-based local development corporation which:

         1. (1) serves a municipality in which an economic development zone is located, provided such zone is contained in the service delivery region of such agency or corporation; and
         2. (2) was established for the primary purpose of assisting eligible businesses located or to be located in such economic development zone; or
      3. (iii) a local or community development corporation, industrial development agency or other not-for-profit corporation with jurisdiction over a service delivery region which provides services to community businesses, and one of whose primary purposes is to provide services and assistance to eligible businesses.

2. (2) for the purposes of establishing and administering a minority and women revolving loan trust fund account or an administrative expense trust fund account with funds appropriated pursuant to the trust fund appropriation, a not-for-profit corporation with jurisdiction over a service deliver region consisting of a representative group of the following types of entities operating within the service delivery region:

   1. (i) an economic development zone capital corporation established pursuant to section 964 of the General Municipal Law; or

   2. (ii) an industrial development agency or community-based local development corporation which:

      1. (a) serves a municipality in which an economic development zone is located, provided such zone is contained in the service delivery region to be assisted by the administering corporation; and
      2. (b) was established for the primary purpose of assisting eligible businesses located or to be located in such economic development zone; or
   3. (iii) a local or community development corporation, industrial development agency or other not-for-profit corporation which provides services to community businesses, and one of whose primary purposes is to provide services and assistance to eligible businesses.

(b) Administrative costs shall mean the costs incurred by an administering corporation selected to administer a minority and women revolving loan trust fund account in preparing to administer and in administering the financial assistance programs set forth hereunder, including, without limitation, the costs of:

1. (1) preparing and printing marketing materials;
2. (2) preparing press releases and other promotional materials;
3. (3) developing and printing application forms;
4. (4) professional development and review of standard form loan documents;
5. (5) salaries and benefits of employees;
6. (6) office supplies and equipment; and
7. (7) expenses reasonably incurred in connection with the processing of any loan application or the closing of any loan hereunder and for which reimbursement is not sought or obtained from the applicant or borrower pursuant to section 4215.11 of this Part.

(k) Minority persons shall mean persons who are:

1. (1) Black;
2. (2) Hispanic persons of Mexican, Puerto Rican, Dominican, Cuban, Central or South American descent of either Indian or Hispanic origin, regardless of race;
3. (3) Asian and Pacific Islander persons having origins in the Far East, Southeast Asia, the Indian sub-continent or the Pacific Islands; or
4. (4) American Indian or Alaskan Native persons having origins in any of the original peoples of North America and maintaining identifiable tribal affiliations through membership and participation or community identification.

(n) Service delivery region shall mean:

1. (1) for any administering corporation described in paragraph (a)(1)(i) or (2) of this section, an area containing no less than one entire county in the State; and
2. (2) for any administering corporation described in subparagraph (a)(1)(ii) or (iii) of this section, an area containing no less than one entire county in the State, or a population of no fewer than 300,000 persons, whichever is less populous.