§ 3. Definitions.

As used in this Act, the term:

(1)

"Authority" means the City of Hartwell Recreation Authority created by this Act.

(2)

"Costs of the project" means and embraces the cost of construction; the cost of all lands, properties, rights, easements, and franchises acquired; the cost of all machinery and equipment; financing charges; interest prior to and during construction and for six months after completion of construction; the cost of engineering, architectural, fiscal agents', and legal expenses, plans and specifications, and other expenses necessary or incidental 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; working capital; and all other costs necessary to acquire, construct, add to, extend, improve, equip, operate, and maintain the project.

(3)

"Project" means (i) an athletic stadium or stadiums, recreational centers and areas, including, but not limited to, playgrounds; parks, hiking, camping, and picnicking areas; swimming pools; lakes; golf courses; tennis courts; athletic fields and courts; club houses and gymnasiums; and all facilities appertaining to such stadiums and recreational centers and areas, including, but not limited to systems, plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, and disposal of sewage, waste, and storm water and (ii) any undertaking permitted by the Revenue Bond Law.

(4)

"Revenue Bond Law" means Article 3 of Chapter 82 of Title 36 of the O.C.G.A. [O.C.G.A. § 36-82-1 et seq.], the "Revenue Bond Law," or any other similar law hereinafter enacted.

(5)

"Revenue bonds" means revenue bonds authorized to be issued pursuant to this Act.

(6)

"Self-liquidating" means any project which the revenues and earnings to be derived by the Authority, including but not limited to any contractual payments with governmental or private entities and all properties used, leased, and sold in connection therewith, together with any grants, will be sufficient to pay the costs of operating, maintaining, and repairing the project and to pay the principal and interest on the revenue bonds or other obligations which may be issued for the purpose of paying the costs of the project.

(7)

"State" means the state of Georgia.