PART V. 
ASSISTING INDUSTRIAL ENTERPRISES



 



§39A‑151  Definitions.  Whenever
used in this part, unless a different meaning clearly appears from the context:



"Department" means the department of
budget and finance.



"Project" means any combination of
land, buildings, and other improvements thereon, including without limitation
parking facilities, for use of, or for, or to assist an industrial enterprise,
including, without limiting the generality of the foregoing, machinery,
equipment, furnishings, and apparatus which shall be deemed necessary,
suitable, or useful to such enterprise.



"Project agreement" means any
agreement entered into under this part by the department with a project party
to finance, construct, operate, or maintain a project from the proceeds of
special purpose revenue bonds, or to lend the proceeds of special purpose
revenue bonds to assist an industrial enterprise, including without limitation
any loan agreement.



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



"Special purpose revenue bonds" or
"bonds" means bonds, notes, or other evidences of indebtedness of the
State issued pursuant to this part. [L 1981, c 122, pt of §2; am L 1985, c 43,
§1; am L 1999, c 105, §6]



 



Revision Note



 



  Numeric designations deleted.