Sec. 6404.2. Definitions

For the purposes of this Part:

(a) The term council means the New York State Council on the Arts, a State agency.

(b) The term financial assistance means the funds applied for and/or received under the Capital Initiative Program for up to 50 percent of the approved costs of an eligible project, which funds may be provided in the form of a grant, in the form of a loan or in any combination thereof.

(c) The term panel means the Capital Initiative Panel, composed of qualified individuals and engineers selected by the council chairman and approved by the council, and established for the purpose of reviewing applications to the Capital Initiative Program and making recommendations to the appropriate council committee with respect to approval or denial of such applications.

(d) The term program guidelines means the New York State Council on the Arts Program Guidelines for the current State fiscal year.

(e) The term project means the capital project that the applicant seeks to finance with the financial assistance.