Vermont § 280d - Definitions As used in this subchapter:

§ 280d. Definitions As used in this subchapter:

• (1) “Agency” means the Agency of Transportation. (2) “Authority” means the Vermont Economic Development Authority established under section 213 of this title. (3) “Board” means the State Infrastructure Bank Board as established under this subchapter. (4) “Bond act” means any general or special law authorizing a governmental unit to incur
  indebtedness for all or any part of the cost of a qualified project. (5) “Bonds” means bonds, notes, or other evidence of indebtedness. (6) “Borrower obligations” means government obligations or a promissory note of a private
  enterprise issued to evidence a loan. (7) “Cost,” as applied to any qualified project, means any or all costs, whenever incurred,
  approved by the Agency, of carrying out a qualified project, including costs for preliminary
  planning or legal, fiscal, and economic investigations, reports, and studies to determine
  the economic or engineering feasibility of a qualified project; engineering and architectural
  reports, studies, surveys, designs, plans, working drawings, and specifications necessary
  in the construction of a qualified project; construction; expansion; facilities; improvement
  and rehabilitation; acquisition of real property, personal property, materials, machinery,
  or equipment; start-up costs; demolitions and relocations; reasonable reserves and
  working capital; interest on loans, borrower obligations and notes in anticipation
  thereof prior to and during construction of such qualified project or prior to the
  date of such loan, if later; administrative, legal, and financing expenses; and other
  expenses necessary or incidental to the above. (8) “Financial assistance” means any financial assistance for a qualified project provided
  by the Board under the Program, including loans to and leases with qualified borrowers,
  the establishment of reserves and other security, and guarantees of and credit enhancement
  for the obligations of governmental units and private enterprises incurred in connection
  with the financing of qualified projects. (9) “General revenues” when used with reference to a governmental unit means revenues,
  receipts, assessments, and other monies of a governmental unit, and all rights to
  receive the same, including revenue permitted to be collected by municipalities, project
  revenue, assessments upon or payments received from any other governmental unit that
  is a member or service recipient of the governmental unit, proceeds of loans made
  in accordance with this subchapter and of grants made in accordance with State transportation
  or highway grant programs, investment earnings, reserves for debt service or other
  capital or current expenses, receipts from any rate, charge, tax excise, or fee, all
  or a part of the receipts of which are payable or distributable to or for the account
  of the governmental unit, local aid distributions, if any, and receipts, distributions,
  reimbursements, and other assistance from the State or the United States; provided,
  however, that general revenues shall not include any monies restricted by law to specific
  statutorily defined purposes inconsistent with their treatment as general revenues
  for purposes of this subchapter. (10) “Government obligations or governmental obligations” means bonds, notes, or other
  evidence of indebtedness issued by a government unit to evidence a loan. (11) “Government unit or governmental unit” means any municipality, regional development
  corporation that is qualified pursuant to 24 V.S.A. chapter 76, or other instrumentality of the State or any of its political subdivisions, that
  is responsible for the construction, ownership, or operation of a qualified project. (12) “Guarantee” means a contract or contracts entered into by the Program pursuant to
  which the Program agrees to guarantee all or a portion of the obligations of a governmental
  unit or private enterprise incurred to finance a qualified project. (13) “Highway account” means the highway account of the Program, established under this
  subchapter. (14) “ISTEA” means the federal Intermodal Surface Transportation Efficiency Act of 1991,