[PART X.] 
ASSISTING AGRICULTURAL ENTERPRISES SERVING



IMPORTANT
AGRICULTURAL LANDS



 



[§39A‑311]  Definitions.  Whenever
used in this part, unless a different meaning clearly appears from the context:



"Department" means the department of
budget and finance.



"Important agricultural lands" means
those lands designated as such pursuant to part III of chapter 205.



"Project" means any combination of
land, buildings, and other improvements thereon, including without limitation
irrigation systems and infrastructure, for use of, or for, or to assist an
agricultural enterprise serving important agricultural lands, including without
limiting the generality of the foregoing, machinery, equipment, furnishings,
and apparatus that are deemed necessary, suitable, or useful to the 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 agricultural enterprise serving important
agricultural lands, 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 agricultural enterprise serving important agricultural
lands.



"Special purpose revenue bonds" or
"bonds" means bonds, notes, or other evidences of indebtedness of the
State issued pursuant to this part. [L 2006, c 148, pt of §1]