§ 3. Definitions.

As used in this Act, the words and terms in this section shall have the following meanings:

(a)

The word "Authority" shall mean the City of Decatur Parking Authority created in section 2 of this Act.

(b)

The words "Projects" or "Project" shall be deemed to mean and include the acquisition, construction, equipping, maintenance, and operation of parking lots, parking garages, parking deck or similar improvements and the usual facilities related thereto, with the usual and convenient facilities appertaining to such undertakings and extensions and improvements of such facilities, acquiring the necessary property therefor, both real and personal, in the lease or sale of any part of all of such facilities, including real and personal property, so as to assure the efficient and proper development, maintenance and operation of such facilities and area, deemed by the Authority to be necessary, convenient or desirable.

(c)

The term "cost of the project" shall embrace the cost of construction, the cost of lands, properties, rights, easements and franchises acquired and the cost of all conveyances in fee simple of the Authority's title thereto and leases thereof, the cost of preparing the land, including the installation of storm and sanitary sewers, the cost of all machinery, equipment and furnishings related to the operation of any project or projects, financing charges, interest prior to and during construction, and for six months after completion of construction, cost of engineering, architectural, fiscal and legal expenses and other expenses necessary and incident to determining the feasibility or practicability of the project, administrative expenses, and such other expenses as may be necessary or incident to the financing herein authorized and the cost of placing any project in operation. Any obligation or expense incurred for any of the foregoing purposes shall be regarded as part of the "cost of the project or projects" and may be paid or reimbursed out of funds of the Authority including the proceeds of any revenue bonds issued under provisions of this Act for such project or projects.

(d)

The terms "revenue bonds," "bonds" and "obligations" as used in this Act, shall mean revenue bonds as defined and provided for in the Revenue Bond Law (1937 Ga. Laws, page 761, as amended) and such type of obligations may be issued by the Authority as authorized under said Revenue Bond Law and any amendments thereto; and, in addition, shall also mean obligations of the Authority, the issuance of which are hereinafter authorized in this Act.

(e)

Any project shall be deemed "self-liquidating" if, in the judgment of the Authority, the revenues and earnings to be derived by the Authority therefrom and all properties used, leased and sold in connection therewith will be sufficient to pay the principal and interest of the revenue bonds which may be issued to finance, in whole or in part, the cost of such project or projects.