Florida Regulations 62-8.020: Definitions
Current as of: 2024 | Check for updates
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In construing this chapter, the words, phrases or terms shall have the following meaning:
(1) “”Used primarily”” – that the use of a facility in the control or abatement of pollution or contaminants which outweighs its use for any other purpose;
(2) “”Salvage value”” – the estimated fair market value, if any, which may be realized upon the sale or other disposition of a pollution control facility when it can no longer be used for the purpose for which it was designed;
(3) “”Pollution control facilities”” – devices, fixtures or machinery which are used to remove, decrease, stop or mitigate, by physical or chemical action, pollutants or contaminants which are a part or entirely of liquid, solid or gases released to the ambient air and water.
Rulemaking Authority Florida Statutes § 193.621(6). Law Implemented 403.021(7), 193.621 FS. History-Formerly 28-8.02, 17-8.02, 17-8.020.
Terms Used In Florida Regulations 62-8.020
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
(2) “”Salvage value”” – the estimated fair market value, if any, which may be realized upon the sale or other disposition of a pollution control facility when it can no longer be used for the purpose for which it was designed;
(3) “”Pollution control facilities”” – devices, fixtures or machinery which are used to remove, decrease, stop or mitigate, by physical or chemical action, pollutants or contaminants which are a part or entirely of liquid, solid or gases released to the ambient air and water.
Rulemaking Authority Florida Statutes § 193.621(6). Law Implemented 403.021(7), 193.621 FS. History-Formerly 28-8.02, 17-8.02, 17-8.020.