§ 20.03. General definitions. As used or referred to in this article\nand in any special law creating a trust for cultural resources, except\nas otherwise provided in such law, the following terms shall have the\nfollowing meanings:\n 1. "Board" or "board of trustees" shall mean the board of trustees of\na trust for cultural resources.\n 2. "Bonds and notes" shall mean the bonds and notes issued by a trust\nfor cultural resources.\n 3. "Combined-use facility" shall mean any structure or improvement and\nany adjoining structures or improvements that are or are to be designed\nto be and upon completion are used or occupied in part by a\nparticipating cultural institution and in part by other persons who\nshall pay tax equivalency payments to the trust pursuant to section\n20.13 of this article, any real property used or to be used in\nconnection therewith, and any and all recreational, educational,\ncultural, office, living, rehearsal, parking, restaurant, retail,\nstorage and other facilities necessary or desirable in connection with\nthe activities of the participating cultural institution or such other\nperson.\n 4. "Convey" shall mean to convey, grant, sell, license, lease,\nsublease, assign, transfer, or otherwise dispose of real property, and\nthe term "conveyance" shall mean and include the equivalent noun form of\neach such verb included within the meaning of the verb "to convey." The\nterms "to convey" or "conveyance" shall not include the creation of a\nmortgage or other lien on real property unless such mortgage or lien has\nbeen foreclosed or the mortgagee or lienholder of such mortgage or lien\nhas taken possession of such real property.\n 5. "Cultural facility" shall mean any structure, improvement,\nfurnishing, equipment or other real or personal property that is or is\nto be used, owned, or occupied in whole or in part by a participating\ncultural institution, including but not limited to museums, performing\narts centers, public television and radio stations, theaters,\nauditoriums, libraries, exhibition, performance and rehearsal space,\ngalleries, artists' and dancers' studios, recording studios, and any and\nall recreational, educational, cultural, office, living, rehearsal,\nparking, restaurant, retail, storage and other facilities necessary or\ndesirable in connection with the activities of the participating\ncultural institution.\n 6. "Develop" shall mean to design, construct, acquire, reconstruct,\nrehabilitate, expand, modernize, repair or otherwise improve real\nproperty for use or conveyance, and the term "development" shall mean\nand include the equivalent noun form of each such verb included within\nthe meaning of the verb "to develop."\n 7. "Developer" shall mean any person approved by a trust as being\nqualified and eligible to enter into an agreement with a trust for the\ndevelopment of a combined-use facility or any part or portion thereof or\na cultural facility or any part or portion thereof.\n 8. "Exempt real property" shall mean real property exempt from real\nproperty taxation pursuant to section four hundred twenty-a or four\nhundred twenty-b of the real property tax law.\n 9. "Governing body" shall mean the board or body in which the general\nlegislative powers of a municipality or county are vested.\n 10. "Governor" shall mean the governor of the state.\n 11. "Institutional portion" shall mean the part or portion of a\ncombined-use facility that prior to completion is designed to be and\nupon completion is used or occupied by a participating cultural\ninstitution. The institutional portion shall include the real property\nused or to be used in connection therewith; any and all recreational,\neducational, cultural, office, living, rehearsal, parking, restaurant,\nretail, storage and other facilities necessary or desirable in\nconnection with the activities of the participating cultural\ninstitution; and any interest in a combined-use facility which prior to\ncompletion is design
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