PART III. 
ASSISTING MANUFACTURING ENTERPRISES



 



§39A‑71  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, for use as a manufacturing
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 financially assist a manufacturing enterprise from the proceeds of special
purpose revenue bonds, 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 a manufacturing 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 120, pt of §2]



 



Revision Note



 



  Numeric designations deleted.