§ 42-64.12-5 - Definitions.
SECTION 42-64.12-5
§ 42-64.12-5 Definitions. – The following words and phrases when used in this chapter shall have, unlessthe context clearly indicates otherwise, the meanings given to them in thissection:
(a) "Economic development" means the mobilization ofintellectual, human, capital, physical and natural resources to generatemarketable goods and services for purposes including, but not limited to,creating jobs, economic and employment opportunities, tax base, and wealth.
(b) "Person" means any individual, group of individuals,firm, corporation, association, partnership, or public or private entity.
(c) "Plan" or "development plan" means a plan thatsubstantially conforms to the requirements of subsection 42-64.12-7(a) of thischapter, which plan may be prepared and adopted pursuant to other applicableprovisions of law.
(d) "Property" means land or other real property or anyinterest, estate, or right therein.
(e) "Public ownership and use" means the right of a publicbody to possess, use, and/or enjoy property in order to conduct a governmentalfunction or to provide for a public activity.