As used in this chapter, "project" means:

1. (1) the acquisition, construction, enlarging, remodeling, renovation, improvement, furnishing, or equipping of an educational facility by the authority for a nonprofit college or university; or

2. (2) the funding of any liability, other loss, or insurance reserves or the funding and contribution of such insurance reserves or other capital to a risk retention group to provide insurance coverage against liability claims or other losses.

   [Pre-2007 Higher Education Recodification Citation: 20-12-63-3(2).]

As added by P.L.2-2007, SEC.69.