“Board” means the board of trustees of a public infrastructure district.
Terms Used In Utah Code 17D-4-102
Board: means the board of trustees of a public infrastructure district. See Utah Code 17D-4-102
Creating entity: means the county, municipality, or development authority that approves the creation of a public infrastructure district. See Utah Code 17D-4-102
Development authority: means :
(a)
the Utah Inland Port Authority created in Section 11-58-201;
(b)
the Point of the Mountain State Land Authority created in Section 11-59-201; or
Division: means a division of a public infrastructure district:
(a)
that is relatively equal in number of eligible voters or potential eligible voters to all other divisions within the public infrastructure district, taking into account existing or potential developments which, when completed, would increase or decrease the population within the public infrastructure district; and
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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
(2)
“Creating entity” means the county, municipality, or development authority that approves the creation of a public infrastructure district.
(3)
“Development authority” means:
(a)
the Utah Inland Port Authority created in Section 11-58-201;
(b)
the Point of the Mountain StateLand Authority created in Section 11-59-201; or
(c)
the military installation development authority created in Section 63H-1-201.
(4)
“District applicant” means the person proposing the creation of a public infrastructure district.
(5)
“Division” means a division of a public infrastructure district:
(a)
that is relatively equal in number of eligible voters or potential eligible voters to all other divisions within the public infrastructure district, taking into account existing or potential developments which, when completed, would increase or decrease the population within the public infrastructure district; and
(b)
which a member of the board represents.
(6)
“Governing document” means the document governing a public infrastructure district to which the creating entity agrees before the creation of the public infrastructure district, as amended from time to time, and subject to the limitations of Title 17B, Chapter 1, Provisions Applicable to All Special Districts, and this chapter.
(7)
(a)
“Limited tax bond” means a bond:
(i)
that is directly payable from and secured by ad valorem property taxes that are levied:
(A)
by a public infrastructure district that issues the bond; and
(B)
on taxable property within the district;
(ii)
that is a general obligation of the public infrastructure district; and
(iii)
for which the ad valorem property tax levy for repayment of the bond does not exceed the property tax levy rate limit established under Section 17D-4-303 for any fiscal year, except as provided in Subsection 17D-4-301(8).
(b)
“Limited tax bond” does not include:
(i)
a short-term bond;
(ii)
a tax and revenue anticipation bond; or
(iii)
a special assessment bond.
(8)
“Public infrastructure and improvements” means:
(a)
the same as that term is defined in Section 11-58-102, for a public infrastructure district created by the Utah Inland Port Authority created in Section 11-58-201; and
(b)
the same as that term is defined in Section 63H-1-102, for a public infrastructure district created by the military installation development authority created in Section 63H-1-201.
