2023 Rhode Island General Laws › Title 45 - Towns and Cities › Chapter 45-37.1 - Industrial Facilities Corporation › Section 45-37.1-3. - Definitions.

§ 45-37.1-3. Definitions.
As used in this chapter, the following words and terms have the following meanings, unless the context indicates another or different meaning or intent:
(1)
“Corporation” means the Rhode Island industrial facilities corporation, created and established as a nonbusiness corporation under and pursuant to chapter 6 of title 7, as amended, and constituted and established as a public body corporate and agency of the state by § 45-37.1-4, or any board, body, commission, department, or officer succeeding to the principal functions of the corporation or to whom the powers conferred upon the corporation by this chapter are given by law.
(2)
“Industrial facility” means any project the corporation is authorized to finance.
(3)
“Industrial pollution” means any gaseous, liquid, or solid waste substance, or combination thereof, resulting from any process of industry, manufacturing, trade, or business, or from the development, processing, or recovery of any natural resources which pollute the land, water, or air of the state.
(4)
“Municipality” means any city or town in the state.
(5)
“Project” means any land and any building or other improvement, and all real and personal properties, including, but not limited to, machinery and equipment, or any interest in them, whether or not now in existence or under construction, which are suitable for use for manufacturing, warehousing, or other industrial or commercial purposes, or suitable for pollution abatement or control, for the reconstruction, modernization, or modification of existing industrial plants for the abatement or control of industrial pollution or suitable for solid waste disposal, or for any combination of these purposes, including working capital, but does not include raw materials, work in process, or stock in trade. “Project” also means any railroad rolling stock, including locomotives, cabooses, and vehicles for the transportation of freight and shall also mean:
(i)
The construction and/or acquisition costs of marine craft and necessary machinery, equipment, and gear to be used primarily and continuously in the fishing industry by corporations, partnerships, or individuals whose principal place of business and location are in the state of Rhode Island;
(ii)
The construction and/or acquisition costs and necessary machinery and equipment of any marine craft for research or other uses considered to be an integral part of any land-based industrial concern, which would presently qualify for a loan guarantee under the Rhode Island industrial recreational building authority;
(iii)
Acquisition costs of any existing building, machinery, and equipment for any project which would otherwise qualify for a loan under the Rhode Island industrial recreational building authority;
(iv)
Any “recreational project”, as that term is described in chapter 34 of title 42, relating to the loan guarantee program of the Rhode Island industrial recreational building authority; or
(v)
Any other activity undertaken by the corporation.
(6)
“Solid waste” means any refuse matter, trash, or garbage from residences, manufacturing and industrial plants, hotels, apartments, or any other public or private building.
(7)
“State” means the state of Rhode Island.
History of Section.
P.L. 1967, ch. 11, § 1; P.L. 1971, ch. 255, § 2; P.L. 1973, ch. 195, § 2; P.L. 1974, ch. 257, § 1; P.L. 1980, ch. 229, § 1; P.L. 1981, ch. 419, § 3; P.L. 1988, ch. 84, § 38.