Vermont § 212 - Definitions As used in this chapter:

§ 212. Definitions As used in this chapter:

• (1) “Authority” means the Vermont Economic Development Authority established under section 213 of this title. (2) “Bond” means a note, bond, debenture, or any other evidence of indebtedness issued
  by a municipality or by the State of Vermont under subchapter 4 of this chapter to
  finance a project in whole or in part or to refund indebtedness incurred for that
  purpose. (3) “Debt service,” as used in subchapter 4 of this chapter, means the amounts required
  to pay bonds according to their terms and shall include amounts representing principal,
  premium, and interest, including interest on overdue payments. (4) “Financing document,” as used in subchapter 4 of this chapter, means a written instrument
  establishing the rights and responsibilities of a municipality or the Authority and
  the user with respect to an eligible facility financed by the issue of bonds. A financing
  document may be in the nature of a sale and leaseback, a lease purchase, a conditional
  sale, an installment sale, a secured or unsecured loan, a loan and mortgage, or other
  similar transaction, may bear any appropriate title and may involve property in addition
  to the property financed by the bonds. The municipality’s or Authority’s ownership
  or possessory interest in the eligible facility under a financing document may be
  that of owner, lessor, lessee, conditional or installment vendor, mortgagor, mortgagee,
  or otherwise, but the municipality or the Authority need not have any ownership or
  possessory interest in the facility. (5) “Governing body” means the board of aldermen or city council of a city, the board
  of selectboard members of a town, and the trustees of an incorporated village. (6) “Eligible facility” or “eligible project” means any industrial, commercial, or agricultural
  enterprise or endeavor approved by the Authority used in a trade or business whether
  or not such business is operated for profit, including land and rights in land, air,
  or water; buildings; structures; machinery; and equipment of such eligible facilities
  or eligible projects, except that an eligible facility or project shall not include
  the portion of an enterprise or endeavor relating to the sale of goods at retail where
  such goods are manufactured primarily out of State, and except further that an eligible
  facility or project shall not include the portion of an enterprise or endeavor relating
  to housing unless otherwise authorized in this chapter. Such enterprises or endeavors
  may include: (A) Quarrying; mining; manufacturing; processing, including the further processing of
  agricultural products; assembling; or warehousing of goods or materials for sale or
  distribution or the maintenance of safety standards in connection therewith, and including
  Vermont-based manufacturers that are adversely impacted by the State’s regulation
  or ban of products as they transition from the manufacture of the regulated or banned
  products to the design and manufacture of environmentally sound substitutes. (B) The conduct of research and development activities, including research and development
  of computer software and telecommunications equipment. (C) Use as the national or regional headquarters for a multistate business enterprise
  or use as the national headquarters of a nonprofit organization whose purpose is the
  promotion of business, industry, or agriculture, including the registry of animal
  breeds. (D) Collecting or processing any kind of waste material for reuse or disposal. (E) Reducing, mitigating, or eliminating pollution of land, air, or water by substances,
  heat, or sound. (F) For the purposes of subchapter 4 of this chapter only, in addition to the foregoing,
  the conduct of any trade or business that is eligible for tax-exempt financing under
  the U.S. Internal Revenue Code. (G) For purposes of subchapter 4 of this chapter only, transporting of goods, materials,
  or agricultural products for sale or distribution or the maintenance of safety standards
  in connection therewith, including railroad terminals, trucking terminals, and airport
  facilities. (H) Use as a small business incubator facility. (I) Processing or converting post-consumer materials into industrial feed stocks or manufacturing
  products from these feed stocks, or both, excluding the converting of recyclable materials
  into a fuel or fuel product. As used in this subdivision, “post-consumer materials”
  means only those products generated by a business or a consumer that have served their
  intended end uses and that have been separated or diverted from solid waste. (J) Travel and tourism projects and enterprises, and related recreational activities,
  provided that the project or enterprise will maintain a reasonable level of full-time
  employment throughout the year consistent with the size and nature of the business
  and general business custom in the industry. (K) The business of information technology or the collection, processing, or management
  of data, documents, or records. (L) A captive or commercial insurance underwriter; a mortgage, commercial, or consumer
  credit provider; or an entity engaged in underwriting or brokering services. (M) A renewable energy plant, as defined in 30 V.S.A. § 8002, if the construction of the plant requires a certificate of public good under 30 V.S.A. § 248 and all or part of the electricity generated by the plant will be under contract
  to a Vermont electric distribution utility. (N) Industrial park planning, development, or improvement. (O) For purposes of subchapter 5 of this chapter, a telecommunications plant, as defined
  in 24 V.S.A. § 1911(2), owned by a municipality individually or in concert with one or more other municipalities
  as a communications union district established under 30 V.S.A. chapter 82. (P) Any combination of the activities, uses, or purposes specified in this subdivision
  (6). An eligible facility may include structures, appurtenances incidental to an eligible
  project, such as utility lines, storage accommodations, offices, dependent care facilities,
  or transportation facilities. (Q) Businesses providing intangible products and services, excluding the following: