As used in this part, unless the context otherwise requires:
(1) “Authority” means the Tennessee local development authority;
(2) “Construction” means the building, reconstruction, creation, replacement, extension, repairing, betterment, improvement, alteration, equipment, extension, or acquisition, including, but not limited to, the acquisition of land and of rights in land, the engineering, architectural designs, plans, working drawings, specifications, procedures, and other action necessary in the construction of such capital projects, and the inspection and supervision of such capital projects;
(3) “Education project” means a capital outlay project for kindergarten through grade twelve (K-12) educational facilities; and
(4) “Local education agency” or “LEA” has the same meaning as defined in § 49-3-302.