Taxable bonds issued by municipalities and designed to encourage spending on infrastructure and create jobs. The issuance of these bonds was authorized by the American Recovery and Reinvestment Act of 2009, and the program ended on December 31, 2009.
Capital goods are items used in the production of other goods, including industrial buildings, machinery, and equipment, as well as highways, office buildings, and government installations. These goods significantly determine a country's productive capacity.
A corridor is a long, narrow strip of land designated for a specific purpose such as a rail line, highway, pipeline, or overhead power line, facilitating efficient transportation or utility distribution.
Economic benefits represent the gains realized from an improvement in facilities or services provided by a government or local authority, usually expressed in financial terms.
Fixed-asset investment refers to the expenditure on tangible assets that are likely to have a life of more than one year. These investments are essential for business operations and often include property, machinery, and infrastructure.
An industrial park is a designated area zoned specifically for manufacturing and related activities, often complete with necessary infrastructure to support industrial operations.
Infrastructure, also known as social overhead capital, refers to the essential goods and services that require significant investments and are critical for the effective functioning of an economy. This includes elements like roads, railways, sewerage, and electricity supply.
A Municipal Utility District (MUD) is a political subdivision that offers utility-related services like water, sewage, and sometimes electricity to its residents. They have the authority to issue Special Assessment bonds to finance their projects and infrastructure.
Primary storage devices, such as Random Access Memory (RAM), are where current data is stored temporarily as the computer operates. These devices use volatile memory chips to manage active processes and data.
Public purpose refers to the justification that government must provide in its use of eminent domain to acquire private property for public use. This includes scenarios such as infrastructure projects, public safety, and community development.
Public works are government projects designed for the public good and financed by public revenues. These projects include the construction of infrastructures such as dams, highways, schools, and government buildings.
A Public-Private Partnership (PPP) is a cooperative arrangement between one or more public and private sectors, typically of a long-term nature, designed to finance, build, and operate projects such as public transportation systems, parks, and social infrastructure.
An extensive guide on Public-Private Partnerships (PPP), focused on their utilization in the UK, benefits, drawbacks, and examples such as the private-finance initiative (PFI).
Redevelopment is the process of demolishing existing structures and constructing new improvements on a site. The new improvements often differ significantly from the old structures.
The right to use a particular path for access or passage, often considered a type of easement beneficial for infrastructure development, transportation, and property access.
A sewer is a system of pipes, containment areas, and treatment facilities designed for the disposal of waste and the containment of rainwater. This infrastructure plays a crucial role in maintaining public health and environmental quality by efficiently managing sewage and stormwater.
Steel intensive refers to products or production technologies that rely heavily on high amounts of steel content. These can include buildings, machinery, infrastructure, and vehicles.
A subdivider is an individual or entity that partitions a tract of land into smaller plots for the purpose of selling these plots. Typically, a subdivider also installs necessary infrastructure such as utilities and streets to make the plots ready for development.
The process of dividing a tract of land into smaller parcels to facilitate development, often accompanied by the installation of utilities and streets.
The term 'Toll' carries multiple meanings, generally associated with either a legal suspension or fees charged for the use of property or infrastructure.
An underdeveloped country, also known as a Third World country, is a nation characterized by a low level of economic development, widespread poverty, low per capita income, and scarce social infrastructure. These countries often face challenges such as political instability, inadequate healthcare, and limited educational opportunities.
Urban refers to areas characterized by high population density, extensive infrastructure, and significant human settlement, often forming the core of metropolitan regions.
A utility easement is a legal agreement that allows utility companies to use a portion of a property for the purpose of laying and maintaining infrastructure such as gas, electric, water, and sewer lines.
