Terms Used In Utah Code > Title 59 > Chapter 24 - Radioactive Waste Facility Tax Act

• Agency: means :

  (a)	a person other than an individual, including a sole proprietorship by which an individual does business under an assumed name; and

  (b)

  an insurance organization licensed or required to be licensed under Section 31A-23a-301, 31A-25-207, or 31A-26-209. See Utah Code 31A-1-301 Alternate feed material: means a natural or native material: (i)  mined for the extraction of its constituents or other matter from which source material may be extracted in a licensed uranium or thorium mill; and (ii)  may be reprocessed for its source material content. See Utah Code 59-24-102 board of directors: means the group of persons with responsibility over, or management of, a corporation, however designated. See Utah Code 31A-1-301 Byproduct material: is a s defined in 42 U. See Utah Code 59-24-102 Contract: A legal written agreement that becomes binding when signed. Director: means a member of the board of directors of a corporation. See Utah Code 31A-1-301 facility: means : (a)  a facility licensed under Section 19-3-105; or (b)  a uranium mill licensed under 10 C. See Utah Code 59-24-102 Gross receipts: means all consideration an owner or operator of a radioactive waste facility receives for the disposal of radioactive waste in the state, without any deduction or expense paid or accrued related to the disposal of the radioactive waste. See Utah Code 59-24-102 Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC Insurance: includes : (i)  a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind; (ii)  a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and (iii)  a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301 Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5 Mutual: means a mutual insurance corporation. See Utah Code 31A-1-301 Person: means :Utah Code 68-3-12.5 Quorum: The number of legislators that must be present to do business. Radioactive waste: means : (a)  alternate feed material; (b)  byproduct material; (c)  containerized class A waste; (d)  processed class A waste; or (e)  uncontainerized, unprocessed class A waste. See Utah Code 59-24-102 Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant. 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