S.B. 810

VETOES

(c)     "Corporation" means the Maryland Economic Development Corporation.

(d)     "Cost" shall include the purchase price of any project or the cost of acquiring
all or any portion of the right, title, or interest of a project and the amount to be paid to
discharge all obligations necessary or desirable to vest title to the project or any part of it
in the Corporation or other owner; the cost of any reconstruction, extension,
enlargement, alteration, repair, or improvement; the cost of all lands, properties, rights,
easements, franchises, and permits; the cost of all labor, machinery, and equipment;
financing charges; interest 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 [5-113] 5-213 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.

(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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