The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:
Act-Machinery and Equipment Loan Fund Act (73 P. S. §§ 399.31-399.40).
Eligible business-A for-profit corporation, partnership or proprietorship which is involved in industrial processes, mining, manufacturing or other industrial sectors.
Machinery and equipment-Machinery and equipment belonging to or to be acquired by an eligible business which is directly related to the manufacturing or industrial process of that business.
Program-The Machinery and Equipment Loan Fund Program.
Project-The acquisition, installation or upgrade of machinery and equipment by an eligible business at a site located within this Commonwealth.
12 Pa. Code § 71.102