Utah Code 63N-4-801. Definitions

63N-4-801. Definitions.
As used in this part:

(1)	“Advisory committee” means the Rural Opportunity Advisory Committee created in Section 63N-4-804.

Advisory committee: means the Rural Opportunity Advisory Committee created in Section 63N-4-804. See Utah Code 63N-4-801
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Fund: means the Rural Opportunity Fund created in Section 63N-4-805. See Utah Code 63N-4-801
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
program: means the Rural Opportunity Program created in Section 63N-4-802. See Utah Code 63N-4-801
Rural community: means a rural county or rural municipality. See Utah Code 63N-4-801
Rural county: means a county of the third, fourth, fifth, or sixth class. See Utah Code 63N-4-801
Rural municipality: means a city, town, or metro township located within the boundaries of:

(a)	a county of the third, fourth, fifth, or sixth class; or

(b)	a county of the second class, if the municipality has a population of 10,000 or less. See Utah Code 63N-4-801 State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5 Town: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
(2)	“Association of governments” means an association of political subdivisions of the state, established pursuant to an interlocal agreement under Title 11, Chapter 13, Interlocal Cooperation Act.

(3)

(a)	“Business entity” means a sole proprietorship, partnership, association, joint venture, corporation, firm, trust, foundation, or other organization or entity used in carrying on a business.

(b)

“Business entity” does not include a business primarily engaged in the following:

(i)	construction;

(ii)

staffing;

(iii)

retail trade; or

(iv)	public utility activities.

(4)	“CEO board” means a County Economic Opportunity Advisory Board as described in Section 63N-4-803.

(5)	“Fund” means the Rural Opportunity Fund created in Section 63N-4-805.

(6)	“Qualified asset” means a physical asset that provides or supports an essential public service.

(7)

” Qualified project” means a project to build or improve one or more qualified assets for a rural community, including:

(a)	telecom and high-speed Internet infrastructure;

(b)	power and energy infrastructure;

(c)	water and sewerage infrastructure;

(d)	healthcare infrastructure; or

(e)	other infrastructure as defined by rule made by the office in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

(8)	“Rural community” means a rural county or rural municipality.

(9)	“Rural county” means a county of the third, fourth, fifth, or sixth class.

(10)

“Rural municipality” means a city, town, or metro township located within the boundaries of:

(a)	a county of the third, fourth, fifth, or sixth class; or

(b)	a county of the second class, if the municipality has a population of 10,000 or less.

(11)	“Rural Opportunity Program” or “program” means the Rural Opportunity Program created in Section 63N-4-802.

Amended by Chapter 499, 2023 General Session