§ 71.2. Definitions.
The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:
ActThe Machinery and Equipment Loan Fund Act (73 P. S. § § 399.31399.40).
Agricultural processesProcessing or warehouse and terminal operations related to agricultural endeavors or related businesses supporting the development of agriculture. The term does not include service, mercantile, commercial or retail operations.
Eligible businessA for-profit corporation, partnership or proprietorship which is involved in industrial processes, mining, manufacturing or other industrial sectors.
Industrial operationsProcessing and warehouse and terminal operations. The term does not include service, mercantile, commercial or retail operations.
MELFThe Machinery and Equipment Loan Fund.
Machinery and equipmentMachinery and equipment belonging to or to be acquired by an eligible business which is directly related to the manufacturing or industrial process of that business.
Manufacturing operationsThe giving of new shapes, new qualities or new combinations to matter by the application of skill and labor.
Mining operationsEngaging directly in mining operations.
ProgramThe Machinery and Equipment Loan Fund Program.
ProjectThe acquisition, installation or upgrade of machinery and equipment by an eligible business at a site located within this Commonwealth.
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