Section 5-101. Definitions

As used in this chapter:
    1. The term "capital project" shall mean:
    (a)  Any  physical public betterment or improvement of any preliminary
  studies and surveys relative  thereto,  which  would  be  classified  as
  capital  expenditures under generally accepted accounting principles for
  municipalities.
    (b) The acquisition of property of a permanent nature including  wharf
  property.
    (c)  The  acquisition  of  any  furnishings,  machinery,  apparatus or
  equipment for any public betterment or improvement when such  betterment
  or improvement is first constructed or acquired.
    (d)  Any  public betterment involving either a physical improvement or
  the acquisition of real property for a physical  improvement  consisting
  in, including or affecting:
    (1) streets and parks;
    (2) bridges and tunnels;
    (3)  receiving  basins,  inlets  and  sewers,  including  intercepting
  sewers, plants or structures for the treatment, disposal  or  filtration
  of  sewage,  including  grit  chambers,  sewer tunnels and all necessary
  accessories thereof;
    (4) the fencing of vacant lots and the filling of sunken lots.
    (e) Any combination of the above.
    2. The term "pending" shall mean not yet completed.