PART V. ASSISTING INDUSTRIAL ENTERPRISES

 

§39A‑151  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, including without limitationparking 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 anyagreement entered into under this part by the department with a project partyto finance, construct, operate, or maintain a project from the proceeds ofspecial purpose revenue bonds, or to lend the proceeds of special purposerevenue bonds to assist an industrial enterprise, including without limitationany loan agreement.

"Project party" means a person, firm,or corporation qualified to do business in this State and conducting orproposing to conduct an industrial 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 122, pt of §2; am L 1985, c 43,§1; am L 1999, c 105, §6]

 

Revision Note

 

  Numeric designations deleted.