State Codes and Statutes

State Codes and Statutes

Statutes > West-virginia > 08 > 8-38-3

§8-38-3. Definitions.
For purposes of this article, the term:

(1) "Development expenditures" means payments for governmental functions, programs, activities, facility construction, improvements and other goods and services which a district board is authorized to perform or provide under section five of this article;

(2) "District" means an economic opportunity development district created pursuant to this article;

(3) "District board" means a district board created pursuant to section ten of this article;

(4) "Eligible property" means any taxable or exempt real property located in a district established pursuant to this article;

(5) "Municipality" is a word of art and shall mean, for the purposes of this article, only Class I and Class II cities as classified in section three, article one of this chapter;

(6) "Remediation" means measures undertaken to bring about the reconditioning or restoration of property located within the boundaries of an economic opportunity development district project that has been affected by exploration, industrial operations or solid waste disposal and which measures, when undertaken, will eliminate or ameliorate the existing state of the property and enable the property to be commercially developed.