I need to be able to restrict a user to viewing only one project out of many, without an ability to create records. How can I do this?
You need to work through http://confluence.atlassian.com/display/JIRA/Managing+Project+Permissions
Basically, you need to make your Jira private by default (a new user has no access other than "log in" until they are added to groups and/or roles that they need). Then you can add a permission your user who should only see project X to see it as appropriate.
You will probably not be starting with a "clean" Jira - the default setup, which most admins carry on with until they get the hang of it all, is to have a group of "jira users", which is then used for "allow logging in" AND in the project permission schemes. You'll need to get rid of that, and have a separate group for "can log in" and "general jira user who needs access to projects"
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