[PART X.]  ASSISTING AGRICULTURAL ENTERPRISES SERVING

IMPORTANT AGRICULTURAL LANDS

[Part heading effective until ratification of constitutional amendments.]

 

PART X.  ASSISTING AGRICULTURAL ENTERPRISES

[Part heading effective after ratification of constitutional amendments.]

 

Note

 

  Part heading amended by L 2014, c 103, §1.  The 2014 amendment is effective upon ratification of constitutional amendments authorizing the State to issue special purpose revenue bonds and to use the proceeds from the bonds to assist agricultural enterprises.  L 2014, c 103, §6.  For part heading effective until ratification of constitutional amendments, see above.  For proposed constitutional amendment to article VII, §12, of the state constitution, see HB 748, L 2014, pg. 840.

 

     [§39A‑311]  Definitions.  [Section effective until ratification of constitutional amendments.]  Whenever used in this part, unless a different meaning clearly appears from the context:

     "Department" means the department of budget and finance.

     "Important agricultural lands" means those lands designated as such pursuant to part III of chapter 205.

     "Project" means any combination of land, buildings, and other improvements thereon, including without limitation irrigation systems and infrastructure, for use of, or for, or to assist an agricultural enterprise serving important agricultural lands, including without limiting the generality of the foregoing, machinery, equipment, furnishings, and apparatus that are deemed necessary, suitable, or useful to the enterprise.

     "Project agreement" means any agreement entered into under this part by the department with a project party to finance, construct, operate, or maintain a project from the proceeds of special purpose revenue bonds, or to lend the proceeds of special purpose revenue bonds to assist an agricultural enterprise serving important agricultural lands, 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 an agricultural enterprise serving important agricultural lands.

     "Special purpose revenue bonds" or "bonds" means bonds, notes, or other evidences of indebtedness of the State issued pursuant to this part. [L 2006, c 148, pt of §1]

 

     §39A‑311  Definitions.  [Section effective after ratification of constitutional amendments.]  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, including without limitation irrigation systems and infrastructure, for use of, or for, or to assist an agricultural enterprise, including without limiting the generality of the foregoing, machinery, equipment, furnishings, and apparatus that are deemed necessary, suitable, or useful to the enterprise.

     "Project agreement" means any agreement entered into under this part by the department with a project party to finance, construct, operate, or maintain a project from the proceeds of special purpose revenue bonds, or to lend the proceeds of special purpose revenue bonds to assist an agricultural enterprise, 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 an agricultural enterprise.

     "Special purpose revenue bonds" or "bonds" means bonds, notes, or other evidences of indebtedness of the State issued pursuant to this part. [L 2006, c 148, pt of §1; am L 2014, c 103, §2]

 

Note

 

  The 2014 amendment is effective upon ratification of constitutional amendment authorizing the State to issue special purpose revenue bonds and to use the proceeds from the bonds to assist agricultural enterprises.  L 2014, c 103, §6.  For definitions effective until ratification of constitutional amendment, see above.  For proposed constitutional amendment to article VII, §12 of the state constitution, see HB 748, L 2014, pg. 840.