Section 73.101. Definitions

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

Act—The Pennsylvania Industrial Development Authority Act (73 P. S. § § 301—314).

Beneficial owner—A person or entity other than an industrial occupant, who has acquired or will acquire title to an industrial development project or multiple-tenancy building project from an industrial development agency, and who has leased or will lease the industrial development project or multiple-tenancy building project to an industrial occupant or occupants.

Industrial development agency or agency—A nonprofit corporation to which PIDA is empowered to make loans.

Industrial occupant—An enterprise which occupies and operates an industrial development project or multiple-tenancy building project. An industrial occupant may also acquire title to an industrial development project.

Investor-developer—A beneficial owner which has no significant ownership interest in the industrial occupant.

KIZ—Keystone Innovation Zone.

PIDA—The Pennsylvania Industrial Development Authority.

Project—

(i) A land, site, structure, facility or undertaking for which PIDA is empowered to make loans.

(ii) The term includes an industrial development project, an industrial park project or a multiple-tenancy building project, as defined in the act.

The provisions of this § 73.101 amended October 19, 2007, effective October 20, 2007, 37 Pa.B. 5601. Immediately preceding text appears at serial pages (230887) to (230888).