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SCS/SB 11 - This act modifies the definition of "facility" and "project for industrial development". "Facility" is now defined as real and personal property purchased as part of a project. "Project" is defined as the purchasing, constructing, extending, or improving a facility intended to be leased or otherwise disposed of that is used for manufacturing, commercial, warehousing, and industrial development purposes. This act also adds a definition of "machinery" and removes the definition of "office industry". This act also modifies the language relating to agreements that may be entered into by municipalities who participate in industrial development projects. JOSHUA NORBERG
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