§ 317. Definitions.

When used in this act [division], the following words and terms, unless a different meaning appears from the context, shall have the following meanings:

(1)

Authority shall mean the Taylor County Development Authority created by this act [division].

(2)

Project shall be deemed to mean and include the acquisition of lands, properties and improvements for development, expansion and promotion of industry, commerce, agriculture, natural resources, vocational training and the construction of buildings and plants for the purpose of selling, leasing or renting such structures to private persons, firms or corporations.

(3)

Cost of project shall embrace the cost of construction, the cost of all lands, properties, easements, rights and franchises acquired, the cost of machinery and equipment, financing charges, interest prior to and during construction, cost of engineering, architectural and legal expense[s], and plans and specifications and other expenses necessary or incident to determining the feasibility or practicability of the project, administrative expenses and such other expenses as may be necessary or incident to the financing herein authorized for the construction of any project and placing the same in operation.

(Laws of Fla. ch. 59-1927, § 2)