§ 8-6-801 - Definitions. - Arkansas Statutes

8-6-801. Definitions.

As used in this subchapter, unless the context otherwise requires:

(1) "Authority" means the Arkansas Development Finance Authority;

(2) "Board" means a regional solid waste management board created under 8-6-701 et seq.;

(3) "Bonds" means bonds and any series of bonds authorized by and issued pursuant to the provisions of this subchapter and comprehends "revenue bonds", as defined in Arkansas Constitution, Amendment 65, Section 3;

(4) "Costs" or "project costs" means, but shall not be limited to:

(A) All costs of acquisition, construction, reconstruction, improvement, enlargement, betterment, or extension of any project, including the cost of studies, plans, specifications, surveys, and estimates of costs and revenues relating thereto;

(B) All costs of land, land rights, rights-of-way and easements, water rights, fees, permits, approvals, licenses, certificates, franchises, and the preparation of applications for and securing them;

(C) Administrative, organizational, legal, engineering, and inspection expenses;

(D) Financing fees, expenses, and costs, including, but not limited to, costs of credit enhancement or guaranties, trustees' fees, paying agents' fees or similar fees, and fees to financial advisors and other entities assisting in the issuance of bonds;

(E) Working capital;

(F) All machinery and equipment, including construction equipment;

(G) Interest on the bonds during the period of construction and for such reasonable period thereafter as may be determined by the issuing or borrowing district;

(H) Establishment of reserves; and

(I) All other expenditures of the issuing or borrowing district incidental, necessary, or convenient to the acquisition, construction, reconstruction, improvement, enlargement, betterment, or extension of any project and the placing of it in operation;

(5) "District" means a regional solid waste management district created under 8-6-701 et seq.;

(6) (A) "Project" means any real property, personal property, or mixed property of any and every kind that can be used or will be useful in controlling, collecting, storing, removing, handling, reducing, disposing of, treating, and otherwise dealing in and concerning solid waste, including, without limitation, property that can be used or that will be useful in extracting, converting to steam, including the acquisition, handling, storage, and utilization of coal, lignite, or other fuel of any kind, or water that can be used or that will be useful in converting solid waste to steam, and distributing the steam to users thereof, or otherwise separating and preparing solid waste for reuse, or that can be used or will be useful in generating electric energy by the use of solid waste as a source of generating power and distributing the electric energy to purchasers or users thereof in accordance with the general laws of the state.

(B) However, for the purposes of this subchapter, not more than twenty-five percent (25%) of the fuel used to produce steam or electricity from any project shall consist of materials other than solid waste; and

(7) "Solid waste" shall have the same meaning as provided in 8-6-702.