§ 2-127. Definitions.

When used in this act [division], the following words and terms, unless a different meaning appears clearly from the context, shall have the following meanings:

(1)

"Authority" means the Putnam County Development Authority created by this act [division].

(2)

"Project" means and includes the acquisition of lands, properties, and improvements for development, expansion, and promotion of industry, commerce, agriculture, natural resources, recreation, transportation (including airports and river ports), and vocational training and the construction of buildings and plants for the purpose of selling, leasing, or renting such structures to private persons, firms, or corporations.

(3)

"Cost of project" embraces the cost of construction, the cost of all lands, properties, easements, rights, and franchises acquired, the cost of machinery and equipment, financing charges, interest prior to and during construction, the cost of engineering, architectural and legal expense, and plans and specifications and other expenses necessary or incident to determining the feasibility or practicability of the project, administrative expenses, and such other expenses as may be necessary or incident to the financing herein authorized for the construction of any project and placing the same in operation.

(Laws of Fla. ch. 2003-371, § 3(2))