Permanent improvement definition

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

  • Permanent improvement fund - The unexpended balance of a permanent improvement fund, other than a bond fund, after the payment of all obligations incurred in the acquisition of such improvement, shall be transferred to the sinking fund or bond retirement fund.

  • Draw conclusions about whether the complaint is substantiated i.e. whether the respondent was uncivil and/or whether the respondent engaged in harassment.

  • Permanent improvement levies are generally used for maintenance of the physical plant of the school.

  • Advantages: Permanent improvement in capacity, reliability, cost.

  • Advantages: Permanent improvement in capacity, more economical than building new infrastructure.


More Definitions of Permanent improvement

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
Permanent 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. 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 means a permanent improvement as defined under division (E) of section 5705.01 of the Revised Code.
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 improvements made permanently to the land like clearing, leveling and terracing the land, including the costs of water reservoir and other agricultural infrastructure and urban courtyard floors and other decoration works.
Permanent improvement means a building, other structure, and associated infrastructure attached to the leased premises.
Permanent improvement. MEANS A FIXED ADDITION OR CHANGE TO LAND THAT IS NOT TEMPORARY OR PORTABLE;