Hydroelectric development tax credit â Definitions

Official textwebserver.rilegislature.govlast amended 1981

For purposes of this chapter:

# (1)

âExisting damâ means any dam located in this state or immediately adjacent to it, the construction of which was completed on or before May 20, 1981, and which does not require any construction or enlargement of impoundment structures, other than repairs or reconstruction, in connection with the installation of any small hydroelectric power project;

# (2)

âHydroelectric power developerâ means any person or corporation who owns or leases an existing dam and who installs hydroelectric power generation equipment and utilizes that equipment to generate hydroelectric power;

# (3)

âInstallation costsâ means all expenditures related to the design, construction, installation, or repair of all facilities necessary for hydroelectric power production in this state;

# (4)

âSmall hydroelectric power production facilityâ means any hydroelectric power project which is located in this state, which uses the water power potential of an existing dam, and which has not more than fifteen thousand (15,000) kilowatts of installed capacity.

Amendment history

History of Section. P.L. 1980, ch. 246, § 1; P.L. 1981, ch. 223, § 1.

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Hydroelectric development tax credit â Definitions

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# (2)

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Hydroelectric development tax credit â Definitions