As used in this act:

    (a) "Authority" means the Michigan veterans' facility authority created under section 3.

    (b) "Authority board" or "board" means the board of directors of the authority.

    (c) "Bond" means a bond, note, or other obligation issued by the authority under this act.

    (d) "Department" means the department of military and veterans affairs.

    (e) "Develop" means to plan, acquire, construct, improve, enlarge, maintain, renew, renovate, repair, replace, lease, equip, furnish, market, promote, manage, or operate.

    (f) "Michigan veteran homes" means the administrative entity that centrally manages and operates veterans' facilities in this state.

    (g) "Veteran" means an individual who meets both of the following:

    (i) Is a veteran as defined in section 1 of 1965 PA 190, MCL 35.61.

    (ii) Was honorably discharged.

    (h) "Veterans' facility" means a long-term care facility and ancillary facilities for veterans and their dependents as determined by the authority.