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Transportation Code | |
Transportation Finances Act | |
Section 201 | Definitions. |
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72-2-201. Definitions. As used in this part: (1) "Fund" means the Transportation Infrastructure Loan Fund created under Section 72-2-202. (2) "Infrastructure assistance" means any use of fund money, except an infrastructure loan, to provide financial assistance for transportation 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. (3) "Infrastructure loan" means a loan of fund money to finance a transportation project. (4) "Public entity" means a state agency, county, municipality, local district, special service district, or an intergovernmental entity organized under state law. (5) "Transportation project": (a) means a project to improve a state or local highway; and (b) includes the costs of acquisition, construction, reconstruction, rehabilitation, equipping, and fixturing.
Amended by Chapter 396, 2008 General Session |
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