§ 45-38.1-3 Definitions. – As used in this chapter, the following words and terms have the followingmeaning unless the context indicates another or different meaning or intent:
(1) "Bonds" means bonds of the corporation issued under theprovisions of this chapter, including refunding bonds, notwithstanding that thebonds may be secured by mortgage or the full faith and credit of thecorporation or the full faith and credit of a participating institution forhigher education or of a participating health care provider or any otherlawfully pledged security of a participating educational institution or childday care center or of a participating health care provider;
(2) "Borrower" means a student or a parent who has receivedor agreed to pay an education loan;
(3) "Capital note(s)" means a note or notes of thecorporation not exceeding twelve (12) months in duration to maturity issued forthe benefit of a health care provider or educational institution to purchasecapital assets to be used in the operations of the health care provider oreducational institution;
(4) "Child day care center" means a child day care center asdefined in section 23-28.1-5, which is a not-for-profit organization;
(5) "Cooperative hospital service organization" means acorporation created pursuant to chapter 6 of title 7, which meets therequirements of Section 501(e) of the Internal Revenue Code of 1954, 26 U.S.C.§ 501(e), and is exempt from federal taxation of income in accordance withSection 501(c)(3) of the Internal Revenue Code, 26 U.S.C. § 501(c)(3);
(6) "Corporation" means the Rhode Island health andeducational building corporation created and established as a nonbusinesscorporation, under and pursuant to chapter 6 of title 7, as amended, andconstituted and established as a public body corporate and agency of the stateunder § 45-38.1-4, or any board, body, commission, department, or officersucceeding to the principal functions of the corporation or to whom the powersconferred upon the corporation by this chapter are given by law;
(7) "Corporation loans" means loans by the corporation to aneducational institution or child day care center for the purpose of fundingeducation loans;
(8) "Cost" as applied to a project or any portion of it,financed under the provisions of this chapter, embraces all or any part of thecost of construction and acquisition of all lands, structures, real or personalproperty, rights, rights of way, franchises, easements, and interests acquiredor used for a project, the cost of demolishing or removing any buildings orstructures on land so acquired, including the cost of acquiring any lands towhich the buildings or structures may be moved, the cost of all machinery andequipment, financing charges, interest prior to, during and for a period aftercompletion of the construction, provisions for working capital, reserves forprincipal and interest and for extensions, enlargements, additions,replacements, renovations and improvements, cost of engineering, financial andlegal services, plans, specifications, studies, surveys, estimates of cost andof revenues, administrative expenses, expenses necessary or incident todetermining the feasibility or practicability of constructing the project, andother expenses that may be necessary or incident to the construction andacquisition of the project, the financing of the construction and acquisition,and the placing of the project in operation;
(9) "Default insurance" means insurance insuring educationloans, corporation loans, or bonds or notes of the corporation against default;
(10) "Default reserve fund" means a fund established pursuantto a resolution of the corporation for the purpose of securing education loans,corporation loans, or bonds or notes of the corporation;
(11) "Education loan" means a loan which is made by or onbehalf of an educational institution or child day care center from the proceedsof a corporation loan, to a student or parents of a student or both, to financethe student's attendance at the institution;
(12) "Education loan series portfolio" means all educationloans made by or on behalf of a specific educational institution or child daycare center which are funded from the proceeds of a corporation loan to theinstitution out of the proceeds of a related specific bond or note issuedthrough the corporation;
(13) "Educational institution" means an educationalinstitution or local education authority participating in the school housingaid program as described in chapter 7 of title 16 situated within this statewhich, by virtue of law or charter, is a public or other nonprofit educationalinstitution empowered to provide a program of education at the primary,secondary or high school level, beyond the high school level, and which isaccredited by a nationally recognized educational accrediting agency orassociation and awards a bachelor's or advance degree or provides a program ofnot less than two (2) years' duration which is accepted for full credit towarda bachelor's degree;
(14) "Health care provider" means:
(i) Any nonprofit hospital incorporated under the laws of thestate, including any nonprofit subsidiary corporations formed by any hospitalor formed by the parent corporation of the hospital;
(ii) Any nonprofit corporation, the member or members ofwhich consist solely of one or more hospitals or their parent corporations;
(iii) Any other hospital, which is licensed as a generalhospital or maternity hospital pursuant to chapter 17 of title 23, which isexempt from taxation;
(iv) Any nonprofit group health association;
(v) Any cooperative hospital service organization, or anynonprofit corporation that is licensed as a skilled nursing and/or intermediatecare facility pursuant to chapter 17 of title 23, including any nonprofitsubsidiary corporation formed by any of the foregoing skilled nursing and/orintermediate care facilities, or any nonprofit corporation eligible to receivefunding, pursuant to chapter 8.5 of title 40.1, and/or a corporation createdpursuant to chapter 6 of title 7; provided, that it is a real estate holdingcorporation created for the benefit of a nonprofit corporation eligible toreceive funding under chapter 8.5 of title 40.1;
(vi) Any nonprofit health care corporation whose purpose isto provide home care services or supplies to the citizens of this stateincluding, but not limited to, nonprofit visiting nurse associations andnonprofit home care organizations;
(vii) Any other not-for-profit corporation organized pursuantto chapter 6 of title 7 or pursuant to any special act of the general assemblyand which is exempt from federal taxation of income in accordance with Section501(c)(3), 26 U.S.C. § 501(c)(3), of the Internal Revenue Code and whichis licensed as:
(A) A health care facility pursuant to chapter 17 of title 23;
(B) A "facility" pursuant to chapter 24 of title 40.1;
(C) A "residential care and assisted living facility"pursuant to chapter 17.4 of title 23;
(D) An adult day-care facility; or
(E) A "clinical laboratory" pursuant to chapter 23-16.2 andas a manufacturer of biological products by the United States Department ofHealth and Human Services Food and Drug Administration that operates in RhodeIsland;
(viii) Any not-for-profit corporation which is exempt fromfederal taxation of income in accordance with Section 501(c)(3) of the InternalRevenue Code, 26 U.S.C. § 501(c)(3), or any successor section of theInternal Revenue Code, which under contract with the state educates, counselsor rehabilitates young people who have come subject to child welfare, juvenilejustice or mental health systems in the state; or
(ix) Any network or similar arrangement of those entitieslisted in subsection (11)(i) through (viii) above;
(15) "Loan funding deposit" means monies or other propertydeposited by an educational institution or child day care center with thecorporation, a guarantor, or a trustee for the purpose of:
(i) Providing security for bonds or notes;
(ii) Funding a default reserve fund;
(iii) Acquiring default insurance;
(iv) Defraying costs of the corporation, the monies orproperties to be in amounts as deemed necessary by the corporation or aguarantor as a condition for the institution's participation in thecorporation's programs;
(16) "Nonprofit group health association" means anassociation or a corporation established by an act of the general assembly, orcreated pursuant to chapter 6 of title 7, to provide all or any part of aproject or property to the citizens of this state;
(17) "Note" means a written promise to pay, including, butnot limited to, capital notes and revenue anticipation notes;
(18) "Parent" means any parent, legal guardian, or sponsor ofthe student at an educational institution or child day care center;
(19) "Participating hospital" means a hospital which,pursuant to the provisions of this chapter, undertakes the financing andconstruction or acquisition of a project or undertakes the refunding orrefinancing of obligations or of a mortgage or of advances as provided in andpermitted by this chapter;
(20) "Participating educational institution" means aneducational institution or child day care center which, pursuant to theprovisions of this chapter, undertakes the financing and construction oracquisition of a project, or undertakes the refunding or refinancing ofobligations or of a mortgage or of advances or undertakes the financing,directly or indirectly, of education loans, all as provided in and permitted bythis chapter;
(21) "Project," in the case of a participating educationalinstitution or child day care center means a structure suitable for use as adormitory or other housing facility, dining hall, student union, administrationbuilding, academic building, library, laboratory, research facility, classroom,athletic facility, health care facility, and maintenance, storage or utilityfacility, and other structures or facilities related to the educationalinstitution or child day care center or required or useful for the instructionof students or the conducting of research or the operation of an educationalinstitution or child day care center including parking and other facilities orstructures essential or convenient for the orderly conduct of the educationalinstitution or child day care center and also includes equipment and machineryand other similar items necessary or convenient for the operation of aparticular facility or structure in the manner for which its use is intended,but does not include such items as books, fuel, supplies, or other items whichare customarily deemed to result in a current operating charge; and, in thecase of a participating health care provider, means a structure suitable foruse as a hospital, clinic, nursing home, congregate housing for the elderlyand/or infirm, mental health service unit, or other health care facility,laboratory, laundry, nurses', interns', or clients' residence, administrationbuilding, research facility, and maintenance, storage or utility facility, andother structures or facilities related to the health care provider or requiredor useful for the operation of the project, including parking and otherfacilities or structures essential or convenient for the orderly operation ofthe project, and also includes equipment and machinery and other similar itemsnecessary or convenient for the operation of the project in the manner forwhich its use is intended, but does not include such items as fuel, supplies,or other items which are customarily deemed to result in a current operatingcharge;
(22) "Revenue anticipation note(s)" means a note or notes ofthe corporation not exceeding twelve (12) months in duration to maturity issuedfor the benefit of a health care provider or educational institution inanticipation of revenues reasonably expected to be collected by the health careprovider or educational institution within twelve (12) months from the date ofthe note or notes;
(23) "School housing project" means an "approved project," asdefined in § 16-7-36(2);
(24) "School housing project financing" means bonds issuedthrough the corporation to fund school housing projects as provided in andpermitted by § 16-7-44;
(25) "State" means the state of Rhode Island and ProvidencePlantations; and
(26) "State reimbursement" shall mean the state's share ofschool housing project cost as determined in accordance with §§16-7-35 – 16-7-47.
§ 45-38.1-3 Definitions. – As used in this chapter, the following words and terms have the followingmeaning unless the context indicates another or different meaning or intent:
(1) "Bonds" means bonds of the corporation issued under theprovisions of this chapter, including refunding bonds, notwithstanding that thebonds may be secured by mortgage or the full faith and credit of thecorporation or the full faith and credit of a participating institution forhigher education or of a participating health care provider or any otherlawfully pledged security of a participating educational institution or childday care center or of a participating health care provider;
(2) "Borrower" means a student or a parent who has receivedor agreed to pay an education loan;
(3) "Capital note(s)" means a note or notes of thecorporation not exceeding twelve (12) months in duration to maturity issued forthe benefit of a health care provider or educational institution to purchasecapital assets to be used in the operations of the health care provider oreducational institution;
(4) "Child day care center" means a child day care center asdefined in section 23-28.1-5, which is a not-for-profit organization;
(5) "Cooperative hospital service organization" means acorporation created pursuant to chapter 6 of title 7, which meets therequirements of Section 501(e) of the Internal Revenue Code of 1954, 26 U.S.C.§ 501(e), and is exempt from federal taxation of income in accordance withSection 501(c)(3) of the Internal Revenue Code, 26 U.S.C. § 501(c)(3);
(6) "Corporation" means the Rhode Island health andeducational building corporation created and established as a nonbusinesscorporation, under and pursuant to chapter 6 of title 7, as amended, andconstituted and established as a public body corporate and agency of the stateunder § 45-38.1-4, or any board, body, commission, department, or officersucceeding to the principal functions of the corporation or to whom the powersconferred upon the corporation by this chapter are given by law;
(7) "Corporation loans" means loans by the corporation to aneducational institution or child day care center for the purpose of fundingeducation loans;
(8) "Cost" as applied to a project or any portion of it,financed under the provisions of this chapter, embraces all or any part of thecost of construction and acquisition of all lands, structures, real or personalproperty, rights, rights of way, franchises, easements, and interests acquiredor used for a project, the cost of demolishing or removing any buildings orstructures on land so acquired, including the cost of acquiring any lands towhich the buildings or structures may be moved, the cost of all machinery andequipment, financing charges, interest prior to, during and for a period aftercompletion of the construction, provisions for working capital, reserves forprincipal and interest and for extensions, enlargements, additions,replacements, renovations and improvements, cost of engineering, financial andlegal services, plans, specifications, studies, surveys, estimates of cost andof revenues, administrative expenses, expenses necessary or incident todetermining the feasibility or practicability of constructing the project, andother expenses that may be necessary or incident to the construction andacquisition of the project, the financing of the construction and acquisition,and the placing of the project in operation;
(9) "Default insurance" means insurance insuring educationloans, corporation loans, or bonds or notes of the corporation against default;
(10) "Default reserve fund" means a fund established pursuantto a resolution of the corporation for the purpose of securing education loans,corporation loans, or bonds or notes of the corporation;
(11) "Education loan" means a loan which is made by or onbehalf of an educational institution or child day care center from the proceedsof a corporation loan, to a student or parents of a student or both, to financethe student's attendance at the institution;
(12) "Education loan series portfolio" means all educationloans made by or on behalf of a specific educational institution or child daycare center which are funded from the proceeds of a corporation loan to theinstitution out of the proceeds of a related specific bond or note issuedthrough the corporation;
(13) "Educational institution" means an educationalinstitution or local education authority participating in the school housingaid program as described in chapter 7 of title 16 situated within this statewhich, by virtue of law or charter, is a public or other nonprofit educationalinstitution empowered to provide a program of education at the primary,secondary or high school level, beyond the high school level, and which isaccredited by a nationally recognized educational accrediting agency orassociation and awards a bachelor's or advance degree or provides a program ofnot less than two (2) years' duration which is accepted for full credit towarda bachelor's degree;
(14) "Health care provider" means:
(i) Any nonprofit hospital incorporated under the laws of thestate, including any nonprofit subsidiary corporations formed by any hospitalor formed by the parent corporation of the hospital;
(ii) Any nonprofit corporation, the member or members ofwhich consist solely of one or more hospitals or their parent corporations;
(iii) Any other hospital, which is licensed as a generalhospital or maternity hospital pursuant to chapter 17 of title 23, which isexempt from taxation;
(iv) Any nonprofit group health association;
(v) Any cooperative hospital service organization, or anynonprofit corporation that is licensed as a skilled nursing and/or intermediatecare facility pursuant to chapter 17 of title 23, including any nonprofitsubsidiary corporation formed by any of the foregoing skilled nursing and/orintermediate care facilities, or any nonprofit corporation eligible to receivefunding, pursuant to chapter 8.5 of title 40.1, and/or a corporation createdpursuant to chapter 6 of title 7; provided, that it is a real estate holdingcorporation created for the benefit of a nonprofit corporation eligible toreceive funding under chapter 8.5 of title 40.1;
(vi) Any nonprofit health care corporation whose purpose isto provide home care services or supplies to the citizens of this stateincluding, but not limited to, nonprofit visiting nurse associations andnonprofit home care organizations;
(vii) Any other not-for-profit corporation organized pursuantto chapter 6 of title 7 or pursuant to any special act of the general assemblyand which is exempt from federal taxation of income in accordance with Section501(c)(3), 26 U.S.C. § 501(c)(3), of the Internal Revenue Code and whichis licensed as:
(A) A health care facility pursuant to chapter 17 of title 23;
(B) A "facility" pursuant to chapter 24 of title 40.1;
(C) A "residential care and assisted living facility"pursuant to chapter 17.4 of title 23;
(D) An adult day-care facility; or
(E) A "clinical laboratory" pursuant to chapter 23-16.2 andas a manufacturer of biological products by the United States Department ofHealth and Human Services Food and Drug Administration that operates in RhodeIsland;
(viii) Any not-for-profit corporation which is exempt fromfederal taxation of income in accordance with Section 501(c)(3) of the InternalRevenue Code, 26 U.S.C. § 501(c)(3), or any successor section of theInternal Revenue Code, which under contract with the state educates, counselsor rehabilitates young people who have come subject to child welfare, juvenilejustice or mental health systems in the state; or
(ix) Any network or similar arrangement of those entitieslisted in subsection (11)(i) through (viii) above;
(15) "Loan funding deposit" means monies or other propertydeposited by an educational institution or child day care center with thecorporation, a guarantor, or a trustee for the purpose of:
(i) Providing security for bonds or notes;
(ii) Funding a default reserve fund;
(iii) Acquiring default insurance;
(iv) Defraying costs of the corporation, the monies orproperties to be in amounts as deemed necessary by the corporation or aguarantor as a condition for the institution's participation in thecorporation's programs;
(16) "Nonprofit group health association" means anassociation or a corporation established by an act of the general assembly, orcreated pursuant to chapter 6 of title 7, to provide all or any part of aproject or property to the citizens of this state;
(17) "Note" means a written promise to pay, including, butnot limited to, capital notes and revenue anticipation notes;
(18) "Parent" means any parent, legal guardian, or sponsor ofthe student at an educational institution or child day care center;
(19) "Participating hospital" means a hospital which,pursuant to the provisions of this chapter, undertakes the financing andconstruction or acquisition of a project or undertakes the refunding orrefinancing of obligations or of a mortgage or of advances as provided in andpermitted by this chapter;
(20) "Participating educational institution" means aneducational institution or child day care center which, pursuant to theprovisions of this chapter, undertakes the financing and construction oracquisition of a project, or undertakes the refunding or refinancing ofobligations or of a mortgage or of advances or undertakes the financing,directly or indirectly, of education loans, all as provided in and permitted bythis chapter;
(21) "Project," in the case of a participating educationalinstitution or child day care center means a structure suitable for use as adormitory or other housing facility, dining hall, student union, administrationbuilding, academic building, library, laboratory, research facility, classroom,athletic facility, health care facility, and maintenance, storage or utilityfacility, and other structures or facilities related to the educationalinstitution or child day care center or required or useful for the instructionof students or the conducting of research or the operation of an educationalinstitution or child day care center including parking and other facilities orstructures essential or convenient for the orderly conduct of the educationalinstitution or child day care center and also includes equipment and machineryand other similar items necessary or convenient for the operation of aparticular facility or structure in the manner for which its use is intended,but does not include such items as books, fuel, supplies, or other items whichare customarily deemed to result in a current operating charge; and, in thecase of a participating health care provider, means a structure suitable foruse as a hospital, clinic, nursing home, congregate housing for the elderlyand/or infirm, mental health service unit, or other health care facility,laboratory, laundry, nurses', interns', or clients' residence, administrationbuilding, research facility, and maintenance, storage or utility facility, andother structures or facilities related to the health care provider or requiredor useful for the operation of the project, including parking and otherfacilities or structures essential or convenient for the orderly operation ofthe project, and also includes equipment and machinery and other similar itemsnecessary or convenient for the operation of the project in the manner forwhich its use is intended, but does not include such items as fuel, supplies,or other items which are customarily deemed to result in a current operatingcharge;
(22) "Revenue anticipation note(s)" means a note or notes ofthe corporation not exceeding twelve (12) months in duration to maturity issuedfor the benefit of a health care provider or educational institution inanticipation of revenues reasonably expected to be collected by the health careprovider or educational institution within twelve (12) months from the date ofthe note or notes;
(23) "School housing project" means an "approved project," asdefined in § 16-7-36(2);
(24) "School housing project financing" means bonds issuedthrough the corporation to fund school housing projects as provided in andpermitted by § 16-7-44;
(25) "State" means the state of Rhode Island and ProvidencePlantations; and
(26) "State reimbursement" shall mean the state's share ofschool housing project cost as determined in accordance with §§16-7-35 – 16-7-47.
§ 45-38.1-3 Definitions. – As used in this chapter, the following words and terms have the followingmeaning unless the context indicates another or different meaning or intent:
(1) "Bonds" means bonds of the corporation issued under theprovisions of this chapter, including refunding bonds, notwithstanding that thebonds may be secured by mortgage or the full faith and credit of thecorporation or the full faith and credit of a participating institution forhigher education or of a participating health care provider or any otherlawfully pledged security of a participating educational institution or childday care center or of a participating health care provider;
(2) "Borrower" means a student or a parent who has receivedor agreed to pay an education loan;
(3) "Capital note(s)" means a note or notes of thecorporation not exceeding twelve (12) months in duration to maturity issued forthe benefit of a health care provider or educational institution to purchasecapital assets to be used in the operations of the health care provider oreducational institution;
(4) "Child day care center" means a child day care center asdefined in section 23-28.1-5, which is a not-for-profit organization;
(5) "Cooperative hospital service organization" means acorporation created pursuant to chapter 6 of title 7, which meets therequirements of Section 501(e) of the Internal Revenue Code of 1954, 26 U.S.C.§ 501(e), and is exempt from federal taxation of income in accordance withSection 501(c)(3) of the Internal Revenue Code, 26 U.S.C. § 501(c)(3);
(6) "Corporation" means the Rhode Island health andeducational building corporation created and established as a nonbusinesscorporation, under and pursuant to chapter 6 of title 7, as amended, andconstituted and established as a public body corporate and agency of the stateunder § 45-38.1-4, or any board, body, commission, department, or officersucceeding to the principal functions of the corporation or to whom the powersconferred upon the corporation by this chapter are given by law;
(7) "Corporation loans" means loans by the corporation to aneducational institution or child day care center for the purpose of fundingeducation loans;
(8) "Cost" as applied to a project or any portion of it,financed under the provisions of this chapter, embraces all or any part of thecost of construction and acquisition of all lands, structures, real or personalproperty, rights, rights of way, franchises, easements, and interests acquiredor used for a project, the cost of demolishing or removing any buildings orstructures on land so acquired, including the cost of acquiring any lands towhich the buildings or structures may be moved, the cost of all machinery andequipment, financing charges, interest prior to, during and for a period aftercompletion of the construction, provisions for working capital, reserves forprincipal and interest and for extensions, enlargements, additions,replacements, renovations and improvements, cost of engineering, financial andlegal services, plans, specifications, studies, surveys, estimates of cost andof revenues, administrative expenses, expenses necessary or incident todetermining the feasibility or practicability of constructing the project, andother expenses that may be necessary or incident to the construction andacquisition of the project, the financing of the construction and acquisition,and the placing of the project in operation;
(9) "Default insurance" means insurance insuring educationloans, corporation loans, or bonds or notes of the corporation against default;
(10) "Default reserve fund" means a fund established pursuantto a resolution of the corporation for the purpose of securing education loans,corporation loans, or bonds or notes of the corporation;
(11) "Education loan" means a loan which is made by or onbehalf of an educational institution or child day care center from the proceedsof a corporation loan, to a student or parents of a student or both, to financethe student's attendance at the institution;
(12) "Education loan series portfolio" means all educationloans made by or on behalf of a specific educational institution or child daycare center which are funded from the proceeds of a corporation loan to theinstitution out of the proceeds of a related specific bond or note issuedthrough the corporation;
(13) "Educational institution" means an educationalinstitution or local education authority participating in the school housingaid program as described in chapter 7 of title 16 situated within this statewhich, by virtue of law or charter, is a public or other nonprofit educationalinstitution empowered to provide a program of education at the primary,secondary or high school level, beyond the high school level, and which isaccredited by a nationally recognized educational accrediting agency orassociation and awards a bachelor's or advance degree or provides a program ofnot less than two (2) years' duration which is accepted for full credit towarda bachelor's degree;
(14) "Health care provider" means:
(i) Any nonprofit hospital incorporated under the laws of thestate, including any nonprofit subsidiary corporations formed by any hospitalor formed by the parent corporation of the hospital;
(ii) Any nonprofit corporation, the member or members ofwhich consist solely of one or more hospitals or their parent corporations;
(iii) Any other hospital, which is licensed as a generalhospital or maternity hospital pursuant to chapter 17 of title 23, which isexempt from taxation;
(iv) Any nonprofit group health association;
(v) Any cooperative hospital service organization, or anynonprofit corporation that is licensed as a skilled nursing and/or intermediatecare facility pursuant to chapter 17 of title 23, including any nonprofitsubsidiary corporation formed by any of the foregoing skilled nursing and/orintermediate care facilities, or any nonprofit corporation eligible to receivefunding, pursuant to chapter 8.5 of title 40.1, and/or a corporation createdpursuant to chapter 6 of title 7; provided, that it is a real estate holdingcorporation created for the benefit of a nonprofit corporation eligible toreceive funding under chapter 8.5 of title 40.1;
(vi) Any nonprofit health care corporation whose purpose isto provide home care services or supplies to the citizens of this stateincluding, but not limited to, nonprofit visiting nurse associations andnonprofit home care organizations;
(vii) Any other not-for-profit corporation organized pursuantto chapter 6 of title 7 or pursuant to any special act of the general assemblyand which is exempt from federal taxation of income in accordance with Section501(c)(3), 26 U.S.C. § 501(c)(3), of the Internal Revenue Code and whichis licensed as:
(A) A health care facility pursuant to chapter 17 of title 23;
(B) A "facility" pursuant to chapter 24 of title 40.1;
(C) A "residential care and assisted living facility"pursuant to chapter 17.4 of title 23;
(D) An adult day-care facility; or
(E) A "clinical laboratory" pursuant to chapter 23-16.2 andas a manufacturer of biological products by the United States Department ofHealth and Human Services Food and Drug Administration that operates in RhodeIsland;
(viii) Any not-for-profit corporation which is exempt fromfederal taxation of income in accordance with Section 501(c)(3) of the InternalRevenue Code, 26 U.S.C. § 501(c)(3), or any successor section of theInternal Revenue Code, which under contract with the state educates, counselsor rehabilitates young people who have come subject to child welfare, juvenilejustice or mental health systems in the state; or
(ix) Any network or similar arrangement of those entitieslisted in subsection (11)(i) through (viii) above;
(15) "Loan funding deposit" means monies or other propertydeposited by an educational institution or child day care center with thecorporation, a guarantor, or a trustee for the purpose of:
(i) Providing security for bonds or notes;
(ii) Funding a default reserve fund;
(iii) Acquiring default insurance;
(iv) Defraying costs of the corporation, the monies orproperties to be in amounts as deemed necessary by the corporation or aguarantor as a condition for the institution's participation in thecorporation's programs;
(16) "Nonprofit group health association" means anassociation or a corporation established by an act of the general assembly, orcreated pursuant to chapter 6 of title 7, to provide all or any part of aproject or property to the citizens of this state;
(17) "Note" means a written promise to pay, including, butnot limited to, capital notes and revenue anticipation notes;
(18) "Parent" means any parent, legal guardian, or sponsor ofthe student at an educational institution or child day care center;
(19) "Participating hospital" means a hospital which,pursuant to the provisions of this chapter, undertakes the financing andconstruction or acquisition of a project or undertakes the refunding orrefinancing of obligations or of a mortgage or of advances as provided in andpermitted by this chapter;
(20) "Participating educational institution" means aneducational institution or child day care center which, pursuant to theprovisions of this chapter, undertakes the financing and construction oracquisition of a project, or undertakes the refunding or refinancing ofobligations or of a mortgage or of advances or undertakes the financing,directly or indirectly, of education loans, all as provided in and permitted bythis chapter;
(21) "Project," in the case of a participating educationalinstitution or child day care center means a structure suitable for use as adormitory or other housing facility, dining hall, student union, administrationbuilding, academic building, library, laboratory, research facility, classroom,athletic facility, health care facility, and maintenance, storage or utilityfacility, and other structures or facilities related to the educationalinstitution or child day care center or required or useful for the instructionof students or the conducting of research or the operation of an educationalinstitution or child day care center including parking and other facilities orstructures essential or convenient for the orderly conduct of the educationalinstitution or child day care center and also includes equipment and machineryand other similar items necessary or convenient for the operation of aparticular facility or structure in the manner for which its use is intended,but does not include such items as books, fuel, supplies, or other items whichare customarily deemed to result in a current operating charge; and, in thecase of a participating health care provider, means a structure suitable foruse as a hospital, clinic, nursing home, congregate housing for the elderlyand/or infirm, mental health service unit, or other health care facility,laboratory, laundry, nurses', interns', or clients' residence, administrationbuilding, research facility, and maintenance, storage or utility facility, andother structures or facilities related to the health care provider or requiredor useful for the operation of the project, including parking and otherfacilities or structures essential or convenient for the orderly operation ofthe project, and also includes equipment and machinery and other similar itemsnecessary or convenient for the operation of the project in the manner forwhich its use is intended, but does not include such items as fuel, supplies,or other items which are customarily deemed to result in a current operatingcharge;
(22) "Revenue anticipation note(s)" means a note or notes ofthe corporation not exceeding twelve (12) months in duration to maturity issuedfor the benefit of a health care provider or educational institution inanticipation of revenues reasonably expected to be collected by the health careprovider or educational institution within twelve (12) months from the date ofthe note or notes;
(23) "School housing project" means an "approved project," asdefined in § 16-7-36(2);
(24) "School housing project financing" means bonds issuedthrough the corporation to fund school housing projects as provided in andpermitted by § 16-7-44;
(25) "State" means the state of Rhode Island and ProvidencePlantations; and
(26) "State reimbursement" shall mean the state's share ofschool housing project cost as determined in accordance with §§16-7-35 – 16-7-47.
