Section NR 708.03 - Definitions(1)"Economic development corporation" has the meaning described in s. 501 (c) of the Internal Revenue Code, as defined in s. 71.22(4), Stats., that is exempt from federal taxation under section (a) of the Internal Revenue Code, or an entity wholly owned and operated by such a corporation, with respect to property acquired to further the economic development purposes that exempt the corporation from federal taxation.(2)"Local governmental unit" has the meaning specified in s. 292.11(9) (e) 1, Stats.Wis. Admin. Code Department of Natural Resources § NR 708.03
Cr. Register, April, 1994, No. 460, eff. 5-1-94; CR 12-023: am. (intro.), cr. (1), (2) Register October 2013 No. 694, eff. 11-1-13. Section 292.11(9) (e) 1, Stats., defines "local governmental unit" to mean "a municipality, a redevelopment authority created under s. 66.1333, a public body designated by a municipality under s. 66.1337(4), a community development authority or a housing authority."