117AInterpretation

1. In this Part, unless the context otherwise requires,—

   capital project—

   1. means a project or work the expenditure for which is not recognised by generally accepted accounting practice as being operating expenditure; and
   2. includes a loan in relation to a project or work

   capital project funding plan or funding plan means a capital project funding plan adopted by a local authority under section 117B(3)

   election means an election made by an eligible ratepayer under section 117H(1)

   eligible ratepayer means the ratepayer in respect of a rating unit that is identified in a capital project funding plan as being a rating unit that is liable to fund the capital project concerned

   invitation means an invitation made by a local authority to its eligible ratepayers under section 117F

   lump sum contribution means a payment made by an eligible ratepayer under this Part for the purposes of contributing to a capital project of a local authority.