La. Admin. Code tit. 13 § III-503

Current through Register Vol. 50, No. 11, November 20, 2024
Section III-503 - Definitions

Applicant-the sponsoring Louisiana port authority requesting financial assistance from DED under this program.

Award-funding approved under this program for eligible applicants.

Awardee-an applicant receiving an award under this program.

Capital Projects-include any port infrastructure development project including land acquisition and attendant development costs.

Cash-any asset on the port's records used for the project. Land's value will be determined by its appraised value.

DED-Louisiana Department of Economic Development.

In-Kind-any service, land or equipment, related to the project, donated to a port outside its legal entity.

Intermodal Infrastructure Development-refers to the provision of highway, rail, water or air access; and internal trans-loading or distribution facilities to property owned and maintained by a local port authority.

Program-the Port Development Program.

Project Priority List-a list of projects proposed by eligible applicants ranked for program funding by the Department of Economic Development.

Secretary-the Secretary of the Department of Economic Development.

La. Admin. Code tit. 13, § III-503

Promulgated by the Department of Economic Development, Office of the Secretary, LR 25:1413 (August 1999), amended LR 25:1662 (September 1999), LR 26:239 (February 2000).
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:112 and Acts 1998, No. 29, Section 1.