§ 42-64.12-5. Definitions.
The following words and phrases when used in this chapter shall have, unless the context clearly indicates otherwise, the meanings given to them in this section:
(1) “Economic development” means the mobilization of intellectual, human, capital, physical and natural resources to generate marketable goods and services for purposes including, but not limited to, creating jobs, economic and employment opportunities, tax base, and wealth.
(2) “Person” means any individual, group of individuals, firm, corporation, association, partnership, or public or private entity.
(3) “Plan” or “development plan” means a plan that substantially conforms to the requirements of § 42-64.12-7(b), which plan may be prepared and adopted pursuant to other applicable provisions of law.
(4) “Property” means land or other real property or any interest, estate, or right therein.
(5) “Public ownership and use” means the right of a public body to possess, use, and/or enjoy property in order to conduct a governmental function or to provide for a public activity.
History of Section.
P.L. 2008, ch. 169, § 1.