PART VI. 
ASSISTING UTILITIES SERVING THE GENERAL



PUBLIC IN
PROVIDING ELECTRIC ENERGY OR GAS



 



§39A‑191  Definitions.  Whenever
used in this part, unless a different meaning clearly appears from the context:



"Department" means the department of
budget and finance.



"Energy project" means any facilities
for each single project or multiproject program of a project party which is
certified by the public utilities commission as being for the local furnishing
of electric energy or gas; provided that any new generating unit for the
production or generation of electric energy from fossil fuels shall not be
considered an energy project for purposes of this part unless specifically
authorized in any act providing for the authorization of the issuance of bonds
pursuant to this part.



"Local furnishing of electric energy or
gas" means providing property or land that is or will be:



(1)  Depreciable property or land;



(2)  Used to produce, collect, generate, transmit,
store, distribute, or convey electric energy or gas, including without
limitation, air or water pollution control facilities;



(3)  Used in the trade or business of furnishing
electric energy or gas; and



(4)  Part of a system providing service to the general
public of not more than two contiguous counties in the State.



"Project agreement" means any
agreement entered into under this part by the department with the project party
for the financing from the proceeds of special purpose revenue bonds of an
energy project, including without limitation any loan agreement.



"Project party" means an electric or
gas utility serving the general public and which is regulated by the public
utilities commission under chapter 269.



"Special purpose revenue bonds" or
"bonds" mean bonds, notes, or other evidences of indebtedness issued
pursuant to this part. [L 1981, c 151, pt of §2]



 



Revision Note



 



  Definitions rearranged.