Permanent improvement or "improvement" means any property, asset, or improvement certified by the fiscal officer, which certification is conclusive, as having an estimated life or period of usefulness of five years or more, and includes, but is not limited to, real estate, buildings, and personal property and interests in real estate, buildings, and personal property, equipment, furnishings, and site improvements, and reconstruction, rehabilitation, renovation, installation, improvement, enlargement, and extension of property, assets, or improvements so certified as having an estimated life or period of usefulness of five years or more. The acquisition of all the stock ownership of a corporation is the acquisition of a permanent improvement to the extent that the value of that stock is represented by permanent improvements. A permanent improvement for parking, highway, road, and street purposes includes resurfacing, but does not include ordinary repair.
Permanent improvement or "improvement" means any property, asset, or improvement with an estimated life or usefulness of five years or more, including land and interests therein, and reconstructions, enlargements, and extensions thereof having an estimated life or usefulness of five years or more.
Permanent improvement means a building or other property that is attached to land and that is regarded as an irremovable part of the real property.
Examples of Permanent improvement in a sentence
Advantages: Permanent improvement in compensation, lower cost, short lead time Disadvantages: Shunt devices are subject to fluctuation as a function of voltage.
Permanent improvement fund - The permanent improvement fund is used to account for all transactions related to acquiring, construction or improving projects that are approved by Section 5705, Ohio Revised Code.
Advantages: Permanent improvement in capacity, more economical than building new infrastructure.
Advantages: Permanent improvement in capacity, reliability, cost.
Advantages: Permanent improvement in capacity, future flexibility Disadvantages: High Cost, long lead time, up to 3 years, may need short- circuit mitigation.
More Definitions of Permanent improvement
Permanent improvement means any building, monument, or statue that is installed at the Theatre. The term “Permanent Improvement” also includes any other structure constructed or installed at the Theatre in such a manner that it is affixed to the real property.
Permanent improvement means a permanent improvement as defined under division (E) of section 5705.01 of the Revised Code.
Permanent improvement. MEANS A FIXED ADDITION OR CHANGE TO LAND THAT IS NOT TEMPORARY OR PORTABLE;
Permanent improvement means a fixed addition or change to land that is not temporary or portable, including a building, building addition, retaining wall, storage tank, earthwork, fill material, gravel, and pavement, and remediation of contamination for which the applicant is not responsible and excluding items of ordinary maintenance, such as glass replacement, painting, roof repairs, door repairs, plumbing repairs, floor covering replacement, or pavement patching.
Permanent improvement or "improvement" means a permanent improvement or improvement as defined under division (CC) of section 133.01 of the Revised Code to be used for housing agencies of state government, including classroom facilities as defined in division (B) of section 3318.01 of the Revised Code.
Permanent improvement means a building, other structure, and associated infrastructure attached to the leased premises.