Section 71.2. Definitions

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

Act—The Machinery and Equipment Loan Fund Act (73 P. S. § § 399.31—399.40).

Agricultural processes—Processing or warehouse and terminal operations related to agricultural endeavors or related businesses supporting the development of agriculture. The term does not include service, mercantile, commercial or retail operations.

Eligible business—A for-profit corporation, partnership or proprietorship which is involved in industrial processes, mining, manufacturing or other industrial sectors.

Industrial operations—Processing and warehouse and terminal operations. The term does not include service, mercantile, commercial or retail operations.

MELF—The Machinery and Equipment Loan Fund.

Machinery and equipment—Machinery and equipment belonging to or to be acquired by an eligible business which is directly related to the manufacturing or industrial process of that business.

Manufacturing operations—The giving of new shapes, new qualities or new combinations to matter by the application of skill and labor.

Mining operations—Engaging directly in mining operations.

Program—The Machinery and Equipment Loan Fund Program.

Project—The acquisition, installation or upgrade of machinery and equipment by an eligible business at a site located within this Commonwealth.