WILLIAM DONALD SCHAEFER, Governor                   Ch. 311

before and during construction and, if deemed desirable by the
Corporation, for a limited period after the completion of
construction; reserves for principal and interest and for
extensions, enlargements, additions, and improvements; the cost
of revenue estimates, engineering, and legal services, plans,
designs, specifications, surveys, investigations, demonstrations,
studies, estimates of cost, other expenses necessary or incident
to determining the feasibility or practicability of any such
acquisition, improvement, repair, or construction; administrative
expenses, and other expenses as necessary or incident to project
financings, and to the acquisition, operation, maintenance,
improvement, and construction of a project and the placing of the
same in operation by the Corporation or other owner, including
reasonable provision for working capital.

(e)  "Includes or including" means includes or including by
way of illustration and not by way of limitation.

(f)  "Person" means any natural person, corporation, firm,
partnership, cooperative, political subdivision, or other entity.

(g)  "Political subdivision" means any county, municipal
corporation, State or local agency, or other public body or
agency created or established under State or local law.

(h) "Project" means the establishment of economic activity
on properties conveyed to the Corporation under Section [12-113]
5-113 of this subtitle and includes those facilities and
properties used or useful in connection with manufacturing,
retail, trade, service industries, supply, wholesaling,
warehousing, or any other industrial, commercial, or business
purposes, including any combination of these activities, whether
for profit or not for profit, and whether or not any facilities
are located on a single site. The term "project" includes land,
buildings, structures, machinery, equipment, furnishings, rail or
motor vehicles, barges, boats, and all real or personal
properties and rights therein and appurtenances, rights-of-way,
franchises, easements, and other interests in land, all land and
facilities which are functionally related and subordinate to the
project and all patents, licenses, and other rights necessary or
useful in the construction or operation of a project. It also
includes any facilities and properties within the definition of
"project" set forth in this section, whether or not such
facilities or properties can be financed by bonds the interest on
which is tax exempt under the Internal Revenue Code of 1954.

(i) "Revenues" includes all income, revenues, and other
moneys received by the Corporation from or in connection with any
project, including grants, rentals, rates, fees, charges for the
use of the services furnished or available, and all other income
inuring to the Corporation; provided that the Corporation may
further define or limit the term "revenues" as applied to a
particular project, financing, or other matter.

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