[PART X.] ASSISTING AGRICULTURAL ENTERPRISES SERVING

IMPORTANTAGRICULTURAL LANDS

 

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

"Department" means the department ofbudget and finance.

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

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

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