Terms Used In Tennessee Code > Title 43 > Chapter 40 - Forest Product Fairness Act

• Bequest: Property gifted by will.
• Bonds: means any bonds, interim certificates, notes, debentures, or other obligations of the authority issued pursuant to this chapter. See Tennessee Code 13-20-102
• Business: means any lawful activity conducted primarily:
  (A) For the purchase, sale, lease and rental of personal and real property, and for the manufacturing, processing, or marketing of products, commodities, or any other personal property. See Tennessee Code 13-20-102
• City: means the city or town which is, or is about to be, included in the territorial boundaries of an authority when created hereunder. See Tennessee Code 13-20-102
• Commissioner: means the commissioner of agriculture. See Tennessee Code 43-40-103
• Commissioner: means one (1) of the members of an authority appointed in accordance with this chapter. See Tennessee Code 13-20-102
• Contract: means any agreement of an authority with or for the benefit of an obligee whether contained in a resolution, trust indenture, mortgage, lease, bond or other instrument. See Tennessee Code 13-20-102
• Devise: To gift property by will.
• Dwelling unit: means a building or structure used as a place of residence. See Tennessee Code 13-20-102
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Federal government: includes the United States, or any agency, instrumentality, corporate or otherwise, of the United States. See Tennessee Code 13-20-102
• Forest products: include the following:
  (A) Products that are derived from woody biomass. See Tennessee Code 43-40-103
• Governing body: means the council of any city. See Tennessee Code 13-20-102
• Government: includes the state and federal governments and any subdivision, agency or instrumentality, corporate or otherwise, of either of them. See Tennessee Code 13-20-102
• housing authority: means a public body and a body corporate and politic organized in accordance with this chapter for the purposes, with the powers, and subject to the restrictions, hereinafter set forth. See Tennessee Code 13-20-102
• Housing project: includes all real and personal property, buildings and improvements, stores, offices, lands for farming and gardening, and community facilities acquired or constructed or to be acquired or constructed pursuant to a single plan or undertaking, to:
  (i) Demolish, clear, remove, alter or repair unsanitary or unsafe housing. See Tennessee Code 13-20-102
• Incentives: means any tax exemption, tax credit, tax exclusion, tax deduction, rebate, investment, contract, or grant made available by the state to directly support the purchase of forest products. See Tennessee Code 43-40-103
• Mixed-finance project: includes a project that is developed by:
  (A) An authority or by an entity affiliated with an authority. See Tennessee Code 13-20-102
• Mortgage: includes deeds of trust, mortgages, building and loan contracts or other instruments conveying real or personal property as security for bonds and conferring a right to foreclose and cause a sale thereof. See Tennessee Code 13-20-102
• Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
• Municipality: means any city, town, or village or other municipality in the state. See Tennessee Code 13-20-102
• Persons of low income: means persons or families who lack the amount of income which is necessary, as determined by the authority undertaking the housing project, to enable them, without financial assistance, to live in decent, safe, and sanitary dwellings, without overcrowding. See Tennessee Code 13-20-102
• Representative district: means any division or district of any city or municipality which is created for the purpose of electing a representative to the governing body of the city or municipality. See Tennessee Code 13-20-102
• State: means the state of Tennessee. See Tennessee Code 13-20-102