§ 3. Definitions.

As used in this Act, the following words and terms shall have the following meanings unless a different meaning clearly appears from the context:

(1)

The word "Authority" shall mean the Rabun County Building Authority created by this Act.

(2)

The word "project" shall mean land, buildings, facilities, equipment, and real property and personal property of every kind and character necessary or convenient for the efficient operation of Rabun County or the Rabun County School District, or any other political subdivision or municipality of the State of Georgia located within Rabun County.

(3)

The term "cost of project" shall include the cost of lands, buildings, improvements, machinery, equipment, property, easements, rights, franchises, material, labor, services acquired or contracted for, plans and specification, financing charges, construction costs, interest prior to and during construction; architectural, accounting, engineering, inspection, administrative, fiscal, and legal expenses; expenses incident to determining the feasibility or practicability of the project; expenses incident to the acquiring, constructing, equipping, and operating of any project or any part thereof, and to the placing of the same in operation and to the condemnation of any property incident to such construction and operation.

(4)

The term "revenue bonds" shall mean revenue bonds issued under the provisions of Article 3 of Chapter 82 of Title 36 of the O.C.G.A., the Revenue Bond Law [O.C.G.A. § 36-82-1 et seq.], and under the provisions of this Act. The obligations authorized under this Act may be issued by the Authority in the manner authorized under the Revenue Bond Law.

(2010 Ga. Laws (Act #566), § 2)