12 Pa. Code § 73.101

Current through Register Vol. 55, No. 1, January 4, 2025
Section 73.101 - Definitions

The following words and terms, when used in this subchapter, have the following meanings, unless the context clearly indicates otherwise:

Act-The Pennsylvania Industrial Development Authority Act (73 P. S. §§ 301-314).

Beneficial owner-A person or entity other than an industrial occupant, who has acquired or will acquire title to an industrial development project or multiple-tenancy building project from an industrial development agency, and who has leased or will lease the industrial development project or multiple-tenancy building project to an industrial occupant or occupants.

Industrial development agency or agency-A nonprofit corporation to which PIDA is empowered to make loans.

Industrial occupant-An enterprise which occupies and operates an industrial development project or multiple-tenancy building project. An industrial occupant may also acquire title to an industrial development project.

Investor-developer-A beneficial owner which has no significant ownership interest in the industrial occupant.

KIZ-Keystone Innovation Zone.

PIDA-The Pennsylvania Industrial Development Authority.

Project-

(i) A land, site, structure, facility or undertaking for which PIDA is empowered to make loans.
(ii) The term includes an industrial development project, an industrial park project or a multiple-tenancy building project, as defined in the act.

12 Pa. Code § 73.101

The provisions of this § 73.101 amended October 19, 2007, effective 10/20/2007, 37 Pa.B. 5601.