The following words and phrases, when used in this article, shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Authority.” The Pennsylvania Economic Development Financing Authority.

“Bond.” Any type of revenue obligation, including a bond or series of bonds, note, certificate or other instrument, issued by the authority for the benefit of the department under this article.

“Bond administrative expenses.” Expenses incurred to administer bonds as provided under the act of August 23, 1967 (P.L. 251, No. 102),¹ known as the Economic Development Financing Law, or as otherwise necessary to ensure compliance with applicable Federal or State law.

“Bond obligations.” The principal of a bond and any premium and interest payable on a bond, together with any amount owed under a related credit agreement or a related resolution of the financing authority authorizing a bond.

“Credit agreement.” A loan agreement, a revolving credit agreement, an agreement establishing a line of credit, a letter of credit or another agreement that enhances the marketability, security or creditworthiness of a bond.

“Debt Service Fund.” The fund established under section 601.2.²

“Federal advances.” Loans by the Federal Government to the Commonwealth for the payment of compensation under Title XII of the Social Security Act (58 Stat. 790, 42 U.S.C. § 1321 et seq.) or any similar Federal law.

“Financing Law.” The act of August 23, 1967 (P.L. 251, No. 102), known as the Economic Development Financing Law.