The following words and phrases when used in this act shall have the meanings given
to them in this section unless the context clearly indicates otherwise:
“Authority.” The Ben Franklin Technology Development Authority.
“Ben Franklin Technology Partner” or “partner.”A nonprofit corporation certified in accordance with this act.
“Board.” The Board of Directors of the Ben Franklin Technology Development Authority.
“Department.” The Department of Community and Economic Development of the Commonwealth.
“Private sector funds.”Monetary or in-kind support from private businesses, corporations, individuals, trade
associations, foundations, federally and locally supported grant programs and other
non-Commonwealth sources. The term includes machinery and equipment and other forms of tangible assets approved
by the Ben Franklin Technology Development Authority.
“Secretary.” The Secretary of Community and Economic Development of the Commonwealth.
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