PART IV. ASSISTING PROCESSING ENTERPRISES

 

§39A‑111  Definitions.  Wheneverused in this part, unless a different meaning clearly appears from the context:

"Department" means the department ofbudget and finance.

"Project" means any combination ofland, buildings, and other improvements thereon, for use as a processingenterprise, including, without limiting the generality of the foregoing,machinery, equipment, furnishings, and apparatus which shall be deemednecessary, suitable, or useful to such enterprise.

"Project agreement" means anyagreement entered into under this part by the department with a project partyto financially assist a processing enterprise from the proceeds of specialpurpose revenue bonds, including without limitation any loan agreement.

"Project party" means a person, firm,or corporation qualified to do business in this State and conducting orproposing to conduct a processing enterprise in this State.

"Special purpose revenue bonds" or"bonds" means bonds, notes, or other evidences of indebtedness of theState issued pursuant to this part. [L 1981, c 121, pt of §2]

 

Revision Note

 

  Numeric designations deleted.