§ 44-30-21 - Hydroelectric development tax credit – Definitions.
SECTION 44-30-21
§ 44-30-21 Hydroelectric development taxcredit – Definitions. – For purposes of this chapter:
(1) "Existing dam" means any dam located in this state orimmediately adjacent to it, the construction of which was completed on orbefore May 20, 1981, and which does not require any construction or enlargementof impoundment structures, other than repairs or reconstruction, in connectionwith the installation of any small hydroelectric power project;
(2) "Hydroelectric power developer" means any person orcorporation who owns or leases an existing dam and who installs hydroelectricpower generation equipment and utilizes that equipment to generatehydroelectric power;
(3) "Installation costs" means all expenditures related tothe design, construction, installation, or repair of all facilities necessaryfor hydroelectric power production in this state;
(4) "Small hydroelectric power production facility" means anyhydroelectric power project which is located in this state, which uses thewater power potential of an existing dam, and which has not more than fifteenthousand (15,000) kilowatts of installed capacity.