60-11-1202. Definitions. As used in this part, unless the context indicates otherwise, the following definitions apply:
     (1) "Bonds" means railroad rolling stock revenue bonds authorized by 60-11-1203.
     (2) "Department" means the department of transportation.
     (3) "Person" means an individual or a partnership, association, corporation, or other business entity.
     (4) "Project" or "rolling stock project" means a business undertaking to manufacture, repair, purchase, or lease rolling stock and to subsequently use, sell, or lease the rolling stock to derive revenue.
     (5) "Railroad rolling stock" or "rolling stock" means railroad cargo carriers used to transport grain, coal, ore, lumber, freight, and commodities.
     (6) "Refunding bonds" means railroad rolling stock refunding revenue bonds authorized by 60-11-1209.

     History: En. Sec. 2, Ch. 565, L. 1979; amd. Sec. 7, Ch. 486, L. 1981; amd. Sec. 6, Ch. 512, L. 1991.