Section 5410.110  Definitions

            "Act" means the Prairie State 2000 Authority Act (Ill. Rev. Stat. 1985, ch. 48, par. 1501 et seq.).

            "Applicant" means an employer who has applied to receive a Loan or Grant under this Program.

            "Application" means an application submitted by an employer applying for Loans or Grants under this Program.

            "Authority" means the Prairie State 2000 Authority.

            "Board" means the Board of Directors of the Authority.

            "Grant" means a grant awarded by the Authority under this Program.

            "Loan" means a loan awarded by the Authority under this Program.

            "Loan or Grant Agreement" means the Agreement signed by the Authority and an Applicant by which the Authority obligates itself to provide funds to the Applicant under this Program.

            "Program" means the Employer Training Assistance Program.

            "State" means the State of Illinois.

            "Training Program" means a program of educational or vocational training which meets the requirements of Section 5410.210.

            "Training Provider" means an institution which provides a Training Program.