§ 1-434. Definitions  


Latest version.
  • As used in this article:

    (a) Authority or research and development authority means the public corporation created pursuant to this article and Chapter 159, Pt. V, F.S. (§ 159.701, F.S. et seq.).

    (b) Board means the Broward County Board of County Commissioners.

    (c) Bonds or revenue bonds means the bonds authorized to be issued by any authority under Chapter 159, Pt. V, F.S. (§ 159.701, F.S. et seq.), which shall include a single bond, a promissory note or notes, or other debt obligations evidencing an obligation to repay borrowed money.

    (d) Commission means the Florida Research and Development Commission created pursuant to § 23.147, F.S.

    (e) Costs as applied to a project, shall embrace the cost of construction; land or rights in land; other property, both real and personal; machinery and equipment; financing charges, including interest; and all other costs necessary for placing the project in operation as defined in the Florida Industrial Development Financing Act. "Costs" shall also include the cost of financial consultants, accountants, legal services, engineering and architectural services, feasibility studies, and services by other consultants and such experts as may be selected by the lessee of any such project if the cost thereof shall be paid by the lessee or shall be included as a cost of the project and reimbursed from proceeds of any bond issued to finance the cost of such project.

    (f) Florida Industrial Development Financing Act means Chapter 159, Pt. II, F.S. (§ 159.25, F.S. et seq.), and any amendments thereto; and the definitions contained therein shall also be applicable to this article and Chapter 159, pt. V, F.S. (§ 159.701, F.S. et seq.), and to any bonds issued pursuant thereto.

    (g) Project means any capital project comprising a research and development park or any part thereof including one (1) or more buildings and other structures, machinery, fixtures, equipment, and any rehabilitation or addition to any buildings or structure and machinery and equipment as defined in the Florida Industrial Development Financing Act.

(Ord. No. 85-60, § 2, 10-8-85)