Rhode Island General Laws 42-117-3. Definitions
As used in this chapter, unless the context clearly indicates otherwise, the following words and phrases shall have the following meanings:
(1) “Economic development corporation” is the Rhode Island economic development corporation set forth in § 42-64-4.
(2) “Person” means any natural person, company, corporation, partnership, or any type of business entity.
(3) “Project of critical economic concern” means an undertaking designated by the economic development corporation to be significant, in its operational stage, by its ability to enhance, promote and encourage business, commerce, and industry in Rhode Island and to stimulate jobs and relieve underemployment and unemployment in Rhode Island.
(4) “State agency” means any office, department, board, commission, bureau, division, authority, public corporation, agency, or instrumentality of the state.
History of Section.
P.L. 1991, ch. 346, § 1; P.L. 2001, ch. 37, § 1; P.L. 2001, ch. 147, § 1.
Terms Used In Rhode Island General Laws 42-117-3
- 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.
- Person: means any natural person, company, corporation, partnership, or any type of business entity. See Rhode Island General Laws 42-117-3