New Jersey Statutes 13:1D-135. Definitions relative to development, promotion of energy, environmental technology
Terms Used In New Jersey Statutes 13:1D-135
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
“Corporation” means the New Jersey Corporation for Advanced Technology, a not-for-profit membership corporation, incorporated under the “New Jersey Nonprofit Corporation Act,” P.L.1983, c.127 (N.J.S. 15A:1-1 et seq.), whose membership comprises technology-based businesses, industries, research universities, utility companies, government agencies and third party investors that are interested in advancing the development and use of technology in the State;
“Department” means the Department of Environmental Protection; and
“Program” means the energy and environmental technology verification program for the identification, evaluation, verification and, through the coordination and revision of regulatory mechanisms and requirements, the promotion and expedited commercial use of innovative energy and environmental technologies, and established under the performance partnership agreement between the department and the corporation entered into pursuant to section 3 of this act.
L.1999,c.400,s.2.