Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.45, Law (F) Department, dated 01.06.2016. [Act No.36 of 2001] 5 structure or systems for facilities or commodities or utilisation of resources or provision of services; (s) “Infrastructure Project or Project” means a Project in the sectors as notified under the Act by the Government; (t) “Investment” means preliminary and pre-operative expenses, capital expenditure, lease on land and equipment, interest during construction, administrative expenses, all operating and maintenance expenses including expenses incurred on recovery of User Levies; (u) “Lead Consortium Member” means in case of a Bidding Consortium, that consortium member vested with the prime responsibility of developing a Project, holding not less than 26% equity stake in the Bidding Consortium and also holding the highest equity stake amongst all other consortium members. In the event of two or more consortium members holding the highest equal equity stake, the Bidding Consortium shall clearly indicate in the Bid which consortium member is to be considered the Lead Consortium Member and the consortium member so indicated or named shall be the Lead Consortium Member; (v) “Lender” means any financial institution or bank or any entity providing financial assistance with or without security or giving any advances to any Developer for completing or implementing any Project under the Act; (w) “Linkage Infrastructure Project” means from any Project under the Act any road link to the nearest State highway, national highway or rail link or water transmission link to the nearest practical water source including an existing pipeline or canal or water body or sewerage link to the nearest practical sewerage transmission line or sewerage treatment facility or such other facility; 6 [Act No.36 of 2001] (x) “Mega Infrastructure Project” means any Project implemented or undertaken through Public Private Partnership under the Act requiring an investment as may be prescribed by the Infrastructure Authority; (y) “Local Authority” means any municipal corporation or municipal council or any panchayat or any other statutory body formed, elected or appointed for local self- Government; (z) “Local Laws” means laws other than central laws and applicable to the State; (aa) “Member” means a member of the Infrastructure Authority which includes the Chairperson, the Vice Chairperson and any other member of the Infrastructure Authority; (bb) “Non Profit Organisation” means any organisation formed for promoting commerce, art, science, religion, charity or any other useful object and applies its income in promoting its objects and prohibits the payment of any dividend to its members and does not allow its corpus or income to be lent or advance or diverted or utilised or exploited by its members or office bearers or any other company in which they or any of them may be interested or connected; (cc) “Notification” means a notification published in the 5Telangana Gazette and the word “notified” shall be construed accordingly; (dd) “Person” shall include any company or association or body of individuals, whether incorporated or not;