72-2-201 - Definitions. - Utah Statutes

72-2-201. Definitions.
As used in this part:
(1) "Fund" means the Transportation Infrastructure Loan Fund created under Section72-2-202.
(2) "Infrastructure assistance" means any use of fund money, except an infrastructureloan, to provide financial assistance for transportation projects, including:
(a) capital reserves and other security for bond or debt instrument financing; or
(b) any letters of credit, lines of credit, bond insurance, or loan guarantees obtained by apublic entity to finance transportation projects.
(3) "Infrastructure loan" means a loan of fund money to finance a transportation project.
(4) "Public entity" means a state agency, county, municipality, local district, specialservice district, or an intergovernmental entity organized under state law.
(5) "Transportation project":
(a) means a project to improve a state or local highway; and
(b) includes the costs of acquisition, construction, reconstruction, rehabilitation,equipping, and fixturing.

Amended by Chapter 396, 2008 General Session