Terms Used In Utah Code > Title 10 > Chapter 7 > Part 4 - Sale or Lease of Power Plants

• Appraisal: A determination of property value.
• Authority: means the Utah Inland Port Authority, created in Section 11-58-201. See Utah Code 11-58-102
• Authority jurisdictional land: means land within the authority boundary delineated:

  (a)

  in the electronic shapefile that is the electronic component of H. See Utah Code 11-58-102 Board: means the authority's governing body, created in Section 11-58-301. See Utah Code 11-58-102 City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5 Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant. Contaminated land: means land: (a)  within a project area; and (b)  that contains hazardous materials, as defined in Section 19-6-302, hazardous substances, as defined in Section 19-6-302, or landfill material on, in, or under the land. See Utah Code 11-58-102 Contract: A legal written agreement that becomes binding when signed. 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. Deed: The legal instrument used to transfer title in real property from one person to another. Development: means : (a)  the demolition, construction, reconstruction, modification, expansion, or improvement of a building, utility, infrastructure, landscape, parking lot, park, trail, recreational amenity, or other facility, including public infrastructure and improvements; and (b)  the planning of, arranging for, or participation in any of the activities listed in Subsection (7)(a). See Utah Code 11-58-102 Development project: means a project for the development of land within a project area. See Utah Code 11-58-102 Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC Intermodal facility: means a facility for transferring containerized cargo between rail, truck, air, or other transportation modes. See Utah Code 11-58-102 Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases. Land: includes :Utah Code 68-3-12.5 Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC Lien: A claim against real or personal property in satisfaction of a debt. Mortgage: The written agreement pledging property to a creditor as collateral for a loan. Municipal: means of or relating to a municipality. See Utah Code 10-1-104 Municipality: means : (a)  a city of the first class, city of the second class, city of the third class, city of the fourth class, city of the fifth class; (b)  a town, as classified in Section 10-2-301; or (c)  a metro township as that term is defined in Section 10-2a-403 unless the term is used in the context of authorizing, governing, or otherwise regulating the provision of municipal services. See Utah Code 10-1-104 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. Person: means :Utah Code 68-3-12.5 Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5 Project area: means : (a)  the authority jurisdictional land, subject to Section 11-58-605; or (b)  land outside the authority jurisdictional land, whether consisting of a single contiguous area or multiple noncontiguous areas, described in a project area plan or draft project area plan, where the development project set forth in the project area plan or draft project area plan takes place or is proposed to take place. See Utah Code 11-58-102 Project area plan: means a written plan that, after its effective date, guides and controls the development within a project area. See Utah Code 11-58-102 Property: includes both real and personal property. See Utah Code 68-3-12.5 Property tax: includes a privilege tax and each levy on an ad valorem basis on tangible or intangible personal or real property. See Utah Code 11-58-102 Public entity: means : (a)  the state, including each department, division, or other agency of the state; or (b)  a county, city, town, metro township, school district, special district, special service district, interlocal cooperation entity, community reinvestment agency, or other political subdivision of the state, including the authority. See Utah Code 11-58-102 Public infrastructure and improvements: includes : (i)  facilities, lines, or systems that provide: (A)  water, chilled water, or steam; or (B)  sewer, storm drainage, natural gas, electricity, energy storage, renewable energy, microgrids, or telecommunications service; (ii)  streets, roads, curb, gutter, sidewalk, walkways, solid waste facilities, parking facilities, rail lines, intermodal facilities, multimodal facilities, and public transportation facilities; (iii)  an inland port; and (iv)  infrastructure, improvements, facilities, or buildings that are developed as part of a remediation project. See Utah Code 11-58-102 Remediation: includes : (a)  activities for the cleanup, rehabilitation, and development of contaminated land; and (b)  acquiring an interest in land within a remediation project area. See Utah Code 11-58-102 Remediation differential: means property tax differential generated from a remediation project area. See Utah Code 11-58-102 Remediation project: means a project for the remediation of contaminated land that: (a)  is owned by: (i)  the state or a department, division, or other instrumentality of the state; (ii)  an independent entity, as defined in Section 63E-1-102; or (iii)  a political subdivision of the state; and (b)  became contaminated land before the owner described in Subsection (24)(a) obtained ownership of the land. See Utah Code 11-58-102 Remediation project area: means a project area consisting of contaminated land that is or is expected to become the subject of a remediation project. See Utah Code 11-58-102 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 Statute: A law passed by a legislature. Town: means a municipality classified by population as a town under Section 10-2-301. See Utah Code 10-1-104