Development Corporation Act definition
Examples of Development Corporation Act in a sentence
In such capacity, I am generally familiar with the affairs of the Corporation and have examined and am familiar with the New York City Housing Development Corporation Act, Article XII of the Private Housing Finance Law, as amended (the “Act”), and the By-Laws and official records of the Corporation.
The BEDC has determined and found that contribution to the BOF as described in this Agreement is consistent with the purposes of the Development Corporation Act and the powers granted to BEDC by the Development Corporation Act and the Texas Non-Profit Corporation Act.
The Burleson City Council and the BEDC Board both find and determine that this Agreement is authorized by Chapters 501 and 504 of the Texas Local Government Code, and that the incentives contemplated in this Agreement constitute a “Project” as defined by the Development Corporation Act, codified in Subtitle C-1 of Title 12 of the Texas Local Government Code, in Section 501.103.
The word “Lender” means the BAY CITY COMMUNITY DEVELOPMENT CORPORATION, a non-profit economic development corporation created by the City of Bay City, Texas, as authorized by the Development Corporation Act of 1979.
If requested by the City to effectuate the RH Plan, the State and New York State Urban Development Corporation d/b/a Empire State Development (“ESD”) may utilize powers granted pursuant to the Urban Development Corporation Act, subject to compliance with law, applicable regulations and orders, and required approvals.
In order to implement the Project, ESDC will conclude: (1) appropriate environmental review under the New York State Environmental Quality Review Act (“SEQRA”); (2) all necessary transaction documents; (3) required override of local law under the New York State Urban Development Corporation Act (the “UDC Act”); and (4) acquisition of the ▇▇▇▇▇▇ Complex and an interest in the Off-Site Premises.
JTEDC was formed to administer the sales and use tax approved by the citizens of Junction, Texas and collected pursuant to the Development Corporation Act of 1979 (“the Act”) for the development, promotion, creation, retention, or expansion of business enterprises which create or retain jobs, and for suitable infrastructure necessary to promote or develop business enterprises.
This Lease is contingent upon and is subject to Tenant being approved for and receiving the financing in the amount not less then $243,000.00 from Frisco Economic Development Corporation, a Texas corporation organized and existing under the Development Corporation Act of 1979 (the "FEDC Funds") prior to the earlier to occur of (i) 12:00 p.m. Dallas, Texas time on March 29, 2007 or (ii) the date on which Work commences pursuant to Exhibit "D" ("Final Lease Date").
Each of the following terms shall have the meaning assigned to them in this Section 1.01 whenever they are used in this Agreement, unless the context in which they are used clearly requires otherwise: Act - shall mean the Development Corporation Act of 1979, as amended, Article 5190.6, Vernon's Annotated Texas Civil Statutes, as amended.
The EDC finds and determines that this Agreement is authorized and governed by the Development Corporation Act of 1979, (the ACT) codified in Chapters 501-507 of the Texas Local Government Code.