N.Y. Public Authorities Law § 1837-a: Definitions

§ 1837-a. Definitions. When used in this subtitle unless the context

otherwise requires:

1. "Eligible project" means the acquisition, renovation,

rehabilitation or development of property necessary to commence and

complete operation of projects that are not primarily residential nor

retail businesses or enterprises, other than manufacturing and

industrial plants, that promote, facilitate or encourage employment and

economic development, including day care, commercial production and

incubators primarily used for commercial purposes that will result in

the creation or retention of employment.

2. "Eligible project cost" includes all reasonable and necessary costs

and fees related to the acquisition, renovation, or rehabilitation of

the project, including, but not limited to, acquisition, construction,

land acquisition, improvements, easements, rights of way, equipment,

contract and/or license rights, and related technical, engineering,

legal and financial services.