71 Pa. Stat. § 720.1

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 720.1 - Definitions (Adm. Code Section 2801-C)

The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Authority" means the Energy Development Authority.

"Board" means the board of directors of the authority.

"Bond" or "Bonds" means notes, bonds, refunding or renewal notes and bonds and other evidence of indebtedness or obligations which the authority is authorized to issue.

"Cost" means the expense of construction and the expense of acquisition of all structures, lands and other property rights and interests in land necessary to a project. The term also includes the expense of demolishing, removing or relocating any buildings or structures on lands acquired or to be acquired, including the expense of acquiring any lands to which such buildings or structures may be moved or relocated; sewage treatment, waste treatment and pollution control facilities; railroad sidings, spurs or branch lines; all labor, materials, machinery and equipment, fixtures; financing charges; interest on all bonds prior to and during construction, and for a period of one year thereafter; engineering, financial and legal services; plans, specifications, studies, surveys necessary or incidental to determining the feasibility or practicability of constructing a project; administrative expenses; reserves for interest and for extension, enlargements, additions and improvements; and such other expenses as may be necessary or incidental to the construction of the project and the placing of the same in operation.

"Person" means a natural person, corporation, partnership, association, and any municipality of this Commonwealth and any public corporation, authority or body whatsoever.

"Petroleum product" includes motor gasoline, kerosene, distillates (including Number 2 fuel oil) and diesel fuel.

"Project" means an activity, entirely or largely conducted in Pennsylvania, which cannot be effectively funded using privately available resources, relating to:

(1) Basic and applied research concerning energy use, renewable energy resources and energy extraction, transmission, storage or conversion;
(2) Limited scale demonstration of innovative or commercially unproven technology to promote the production, use or conservation of energy; or
(3) Activities to promote or remove obstacles to the utilization and transportation of Pennsylvania energy resources, including but not limited to limited scale synthetic fuel facilities and the conversion or technological improvement of industrial, commercial or agricultural systems to utilize Pennsylvania coal or renewable energy resources: Provided, That no such facility unreasonably interferes with private waste recycling industries.

71 P.S. § 720.1

1929, April 9, P.L. 177, art. XXVIII-C, § 2801-C, added 1982, Dec. 14, P.L. 1213, No. 280, § 2, effective in 60 days.