Section 880-RICR-00-00-5.5 - DefinitionsA. The following words and terms, when used in these Rules, shall have the following meanings: 1. "Act" means R.I. Gen. Laws Chapter 42-64.10.2. "Applicant" means any person or entity that submits an Enrollment Application or Capital Investment Application to the Corporation for consideration as part of the Program.3. "Board" means the Board of Directors as defined in R.I. Gen. Law § 4264.10-7.4. "Capital investment application" means the materials required to be submitted for an Enrolled Site to be considered for capital investment from the Program, as set forth in the Program Guidance.5. "Capital investment criteria" means the criteria used by the Corporation to evaluate Enrolled Sites that have submitted a Capital Investment Application for potential capital investment from the Program, as described herein and further outlined in the Program Guidance.6. "Corporation" means the Quonset Development Corporation.7. "Development feasibility assessment" has the meaning set forth in §5.6.4(C) of this Part.8. "Enactment" has the meaning set forth in § 5.1(A) of this Part.9. "Enrolled site" means a Site that receives an affirmative vote of the Board for enrollment into the Program.10. "Enrollment application" means the materials required to be submitted for a Site to be considered for enrollment into the Program, as included in the Program Guidance.11. "Enrollment findings" means the statements of consistency with the purposes of the Program that will be utilized by the Board to determine whether a Site should be enrolled in the Program, as described herein and further set forth in the Program Guidance.12. "Enrollment requirements" means the minimum standards required to be met for a Site to be eligible for enrollment into the Program, as described herein and further set forth in the Program Guidance.13. "Managing director" means the Managing Director as defined in R.I. Gen. Law §42-64.10-7 or his or her designee from time to time.14. "Pre-permitted certificate" means the certification provided by the Managing Director that a Site has received all of the necessary engineering, permitting and other pre-development approvals and activities and that such Site is readied for development activity, as described in the Program Guidance.15. "Program" means the Rhode Island Ready program, as outlined by this Part and the Program Guidance.16. "Program guidance" means the guidance prepared and amended from time to time by the Managing Director that describes the Program and the various Program components, including but not limited to the items required herein, which shall be published and maintained in the Corporation's website.17. "Program staff" means any employees of the Corporation, at least one (1) representative of the Rhode Island Commerce Corporation designated by the Chief Executive Officer thereof, or any other State agency who are involved in implementing the Program, as determined by the Managing Director, from time to time, as well as any consultants and contractors of the Corporation engaged to assist with the Program.18. "Rhode Island benefits agreement" means an agreement entered into between an Applicant and the Corporation that, at minimum, describes the capital from the Program that will be invested in a specific Site, the benefits to Rhode Island that will accrue as a result of the capital investment, and the financial and other terms of the capital investment as determined by vote of the Board.19. "Site" means any property, parcel or area proposeda. To be utilized for the uses listed in the Enactment; and/orb. To accommodate upgraded, enhanced or otherwise improved infrastructure in support of such uses.20. "State highways" shall have the meaning set forth in §5.6.2(C) of this Part.880 R.I. Code R. 880-RICR-00-00-5.5
Adopted Effective 11/7/2021