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The following words, terms, and phrases shall have the meanings as set forth in this section, except where to context clearly indicates a difference meaning:
Approved project means a project which has complied with the administrative regulations governing R.I.G.L § 16-7-35 through § 16-7-47, and which has been authorized to receive state school housing reimbursement by the commissioner of elementary and secondary education of the Rhode Island Department of Education.
Bonded debt re-imbursement means state housing aid reimbursement received as a result of bonded debt related to school capital improvement projects as approved by the Rhode Island Department of Education.
Capital improvement project means repairs or construction of a facility that enhances the facilities' condition, prolongs its useful life, or adapts to new uses and the acquisition or interest in land or lease or purchase of building.
Revolving fund means the East Providence School Department Capital Improvement Fund as established by this ordinance.
(Ch. 931, § 1, 12-10-24)