amending the definition of “construction” to include the acquisition of existing buildings

amending the definition of “construction” to include the acquisition of existing buildings Sec. 143. Section 5(4) of the Cooperative Research Act is amended to read as follows: “(4) The terms ‘construction’ and ‘cost of construction’ include (A) the construction of new buildings, and the acquisition, expansion, remodeling, replacement, and alteration of existing buildings, including architects’ fees, but not including the cost of acquisition of land (except in the case of acquisition of an existing building) or off-site improvements, and (B) equipping new buildings and existing buildings, whether or not acquired, expanded, remodeled, or altered.”