### Question
How is the "qualified State or local development company" defined?


### Answer
The term **qualified State or local development company** is defined in *15 U.S.C. § 697d* as follows -

> given the term in section 697(e) of this title.

#### Citation:
  - *15 U.S.C. § 697d*
  - Heading: **CHAPTER 14B-SMALL BUSINESS INVESTMENT PROGRAM > SUBCHAPTER V-LOANS TO STATE AND LOCAL DEVELOPMENT COMPANIES**

