§ 1801. Definitions. As used or referred to in this title, unless a\ndifferent meaning clearly appears from the context:\n 1. "Assisted project" shall mean any project in respect of which the\nauthority has granted a loan or guaranteed a loan.\n 2. "Authority" shall mean the New York job development authority\ncreated by subdivision one of section eighteen hundred two of this\ntitle.\n 3. "Banking organization" when used in this title shall mean (a) any\norganization defined by subdivision eleven of section two of the banking\nlaw, (b) any agency or branch of a foreign banking corporation licensed\nby the department of financial services under article five of the\nbanking law, (c) any national bank, federal savings and loan association\nand federal credit union, (d) any authorized insurer defined by\nparagraph ten of subsection (a) of section one hundred seven of the\ninsurance law and (e) any public or private pension or investment fund\nrequired to file a report with any state or federal regulatory or\nsupervisory body.\n 4. "Comptroller" shall mean the comptroller of the state.\n 5. "Eligible business facility" shall mean any type of business\nfacility to be used or occupied by any person in an enterprise deemed to\noffer a reasonable likelihood for promoting the creation or retention of\njob opportunities in the state, and includes, but is not limited to,\nindustrial or manufacturing plants, facilities for research and\ndevelopment purposes, facilities for conducting wholesale, receiving and\ndistributing operations, facilities for conducting office operations,\nwarehousing operations, or any other operation dealing in the exchange\nof goods, wares, services or other types of property of any type or\ndescription.\n 6. "Federal agency" shall mean the United States of America, and any\nofficer, department, board, commissioner, bureau, division, corporation,\nagency or instrumentality thereof.\n 7. "Industrial plant" shall include a manufacturing plant and a plant\nused in connection with extracting, smelting, recovering, developing,\npreparing, compounding, converting, assembling or producing in any\nmanner, minerals, raw materials, chemicals, compounds, alloys, fibers,\ncommodities and materials, products or substances of any kind or nature,\nand shall include facilities related thereto for storage, warehousing or\ndistribution, for research and development or for the discovery of new\nand the refinement of known substances, processes and products.\n 8. "Local development corporation" shall mean a non-profit corporation\nincorporated or reincorporated under the laws of this state, regardless\nof its particular name, which shall meet the additional requirements of\nsection eighteen hundred twenty-five of this title.\n 9. "Manufacturing plant" shall include a plant used in connection with\nmaking, creating, working, preparing, processing, milling,\nmanufacturing, finishing, fashioning, fabricating, or producing in any\nmanner, goods, wares, merchandise, metals, fabrics, materials, products\nor substances of any kind or nature.\n 10. "Municipality" shall mean any county, city, town or village in the\nstate.\n 11. a. "Loan" shall mean (i) a mortgage loan evidenced by a bond, note\nor other obligation of a local development corporation secured by a\nmortgage on a project, defined in subdivision fourteen (i) and (ii) of\nthis section, made by a local development corporation, a project\noccupant or other person, firm or corporation; (ii) a loan evidenced by\na bond, note or other obligation of a local development corporation, a\nproject occupant, or other person, firm or corporation secured by a loan\nagreement, contract or such other instrument deemed necessary or\nconvenient on a project defined in subdivision fourteen (iii) of this\nsection; (iii) a loan evidenced by a bond, note or other obligation of a\nlocal development corporation, a project occupant, or other person, firm\nor corporation secured by a security in
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