Current through Register Vol. XLI, No. 50, December 13, 2024
Section 184-1-2 - Eligible Projects2.1. Authority is empowered to develop economic development projects, including any land or watersite structure, facility or equipment which the Authority might at any time determine to acquire, create, develop, construct, reconstruct, improve or repair under the provisions of its enabling legislation to promote the agricultural, economic or industrial development of the State.2.2. The Authority is also authorized to develop tourism projects including any park or tourist facility and attraction which the Authority might at any time determine to create, develop, construct, reconstruct, improve, maintain or repair under the provisions of its enabling legislation which would include all roads, interchanges, entrance plazas, approaches, service stations, administration, storage and other buildings or service stations and structures which the Authority deems necessary for the operation of a Tourism project.2.3. Requests for direct grants or loan for economic development and tourism projects are outside the scope of the Authority's delegated powers and must be rejected. Only projects which contemplate some active involvement or equity position on the part of the Authority can be considered.