Definition of Port Project


Port Project means a project that is necessary or convenient for the proper operation of a maritime port or waterway and that will improve the security, movement, and intermodal transportation of cargo or passengers in commerce and trade, including dredging, disposal, and other projects. (b) In this section: (1) the amount of a port authority's tax increment for a year is the amount of ad valorem taxes levied and collected by the port authority or by the commissioners court on behalf of the port authority for that year on the captured appraised value of real property taxable by the port authority and located in a transportation reinvestment zone under this section; (2) the captured appraised value of real property taxable by a port authority for a year is the total appraised value of all real property taxable by the port authority and located in a transportation reinvestment zone for that year less the tax increment base of the port authority; and (3) the tax increment base of a port authority is the total appraised value of all real property taxable by the port authority and located in a transportation reinvestment zone for the year in which the zone was designated under this section. (c) The port commission of the port authority, after determining that an area is unproductive or underdeveloped and that action under this section would improve the security, movement, and intermodal transportation of cargo or passengers in commerce and trade, by order or resolution may designate a contiguous geographic area in the jurisdiction of the port authority to be a transportation reinvestment zone to promote a port project and for the purpose of abating ad valorem taxes or granting other relief from taxes imposed by the county on real property located in the zone. (d) The port commission must comply with all applicable laws in the application of this chapter. (e) Not later than the 30th day before the date the port commission proposes to designate an area as a transportation reinvestment zone under this section, the port commission must hold a public hearing on the creation of the zone, its benefits to the port authority and to property in the proposed zone, and the abatement of ad valorem taxes or the grant of other relief from ad valorem taxes imposed by the port authority on real property located in the zone. At the hearing an interested person may speak for or against the designation of the zone, its boundaries, or the abatement of or other relief from port authority taxes on real property in the zone. Not later than the seventh day before the date of the hearing, notice of the hearing and the intent to create a zone must be published in a newspaper having general circulation in the county in which the zone is proposed to be located. (f) The order or resolution designating an area as a transportation reinvestment zone must: (1) describe the boundaries of the zone with sufficient definiteness to identify with ordinary and reasonable certainty the territory included in the zone; (2) provide that the zone takes effect immediately on adoption of the order or resolution and that the base year shall be the year of passage of the order or resolution or some year in the future; (3) assign a name to the zone for identification, with the first zone designated by a county designated as "Transportation Reinvestment Zone Number One, (name of port authority)," and subsequently designated zones assigned names in the same form numbered consecutively in the order of their designation;
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Examples of Port Project in a sentence

Corel agrees to make commercially reasonable efforts to promptly resolve any and all programming errors, incompatibilities and other problems in the Port Deliverables reasonably identified by Microsoft as part of its review and testing process throughout the Port Project.
Astrotech Phase I Services consisted of managing the design and construction activities associated with establishing the facilities and other support capabilities in the Home Port (hereinafter called Home Port Project) during the period up to first launch of the Sea Launch demonstration launch vehicle, as described in Exhibit A, Statement of Work.
Corel agrees to adhere to any reasonable programming rules and conventions that Microsoft may require for the Port Project.
Thus, the Department of Agriculture - Philippine Fisheries Development Authority (DA- PFDA) submitted the F/S of the Regional Fish Port Project for the Greater Capital Region (GCR) to NEDA for consideration under said Fund.
Corel also agrees to provide weekly written status reports on the Port Project to Microsoft, which shall include one or more copies of the latest builds (in source and object code form), bug status reports, and a project status overview.