72-2-201. Definitions. As used in this part:
| (1) |
“Fund” means the State Infrastructure Bank Fund created under Section 72-2-202. |
Terms Used In Utah Code 72-2-201
- Construction: means the construction, reconstruction, replacement, and improvement of the highways, including the acquisition of rights-of-way and material sites. See Utah Code 72-1-102
- Fund: means the State Infrastructure Bank Fund created under Section 72-2-202. See Utah Code 72-2-201
- Highway: means any public road, street, alley, lane, court, place, viaduct, tunnel, culvert, bridge, or structure laid out or erected for public use, or dedicated or abandoned to the public, or made public in an action for the partition of real property, including the entire area within the right-of-way. See Utah Code 72-1-102
- Housing and transit reinvestment zone: means the same as that term is defined in Section 63N-3-602. See Utah Code 72-1-102
- Infrastructure loan: means a loan of fund money to finance a transportation project or publicly owned infrastructure project. See Utah Code 72-2-201
- Public entity: means a state agency, county, municipality, special district, special service district, an intergovernmental entity organized under state law, or the military installation development authority created in Section 63H-1-201. See Utah Code 72-2-201
- Publicly owned infrastructure project: means a project to improve sewer or water infrastructure that is owned by a public entity. See Utah Code 72-2-201
- 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
- Transportation reinvestment zone: means a transportation reinvestment zone created pursuant to Section 11-13-227. See Utah Code 72-1-102
| (2) |
“Infrastructure assistance” means any use of fund money, except an infrastructure loan, to provide financial assistance for transportation projects or publicly owned infrastructure 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 a public entity to finance transportation projects. |
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| (3) |
“Infrastructure loan” means a loan of fund money to finance a transportation project or publicly owned infrastructure project. |
| (4) |
“Public entity” means a state agency, county, municipality, special district, special service district, an intergovernmental entity organized under state law, or the military installation development authority created in Section 63H-1-201. |
| (5) |
“Publicly owned infrastructure project” means a project to improve sewer or water infrastructure that is owned by a public entity. |
| (6) |
“Transportation project”:
| (a) |
means a project:
| (i) |
to improve a state or local highway; |
| (ii) |
to improve a public transportation facility or nonmotorized transportation facility; |
| (iii) |
to construct or improve parking facilities; |
| (iv) |
that is subject to a transportation reinvestment zone agreement pursuant to Section 11-13-227 if the state is party to the agreement; or |
| (v) |
that is part of a housing and transit reinvestment zone created pursuant to 6; |
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| (b) |
includes the costs of acquisition, construction, reconstruction, rehabilitation, equipping, and fixturing; and |
| (c) |
may only include a project if the project is part of:
| (i) |
the statewide long range plan; |
| (ii) |
a regional transportation plan of the area metropolitan planning organization if a metropolitan planning organization exists for the area; or |
| (iii) |
a local government general plan or economic development initiative. |
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Amended by Chapter 16, 2023 General Session
