UT Code § 63N-4-202 (2021)
2021 Utah Code|Title 63N - Economic Opportunity Act|Chapter 4 - Rural Development Act|Part 2 - Business Development for Disadvantaged Rural Communities Act|Section 202 - Definitions.

 Effective 5/12/2015  63N-4-202. Definitions.  As used in this part:  (1) "Business incubator expense" means an expense relating to funding a program that is:   (a) designed to provide business support services and resources to one or more business entities within a project area during the business entities' early stages of development; and     (b) determined to be a business incubator by the board.       (2) "Business rehabilitation expense" means an expense relating to the renovation or rehabilitation of an existing building within a project area as determined by the board.     (3) "Debt service" means the payment of debt service on a bond issued to pay a:   (a) business rehabilitation expense relating to a project; or     (b) public infrastructure expense relating to a project.       (4) "Eligible county" means a county of the third, fourth, fifth, or sixth class.     (5) "Eligible expense" means an expense:   (a) incurred by an eligible county;     (b) relating to a project; and     (c) that is:   (i) a business incubator expense;     (ii) debt service; or     (iii) a public infrastructure expense.         (6) "Project" means an economic development project:   (a) as determined by the board; and     (b) for which an eligible county applies to the board in accordance with this part for a loan or grant to assist the eligible county in paying an eligible expense.       (7) "Project area" means the geographic area within which a project is implemented by an eligible county.     (8) "Public infrastructure expense" means an expense relating to a publicly owned improvement located within a project area if:   (a) the expense is:   (i) incurred for:   (A) construction;     (B) demolition;     (C) design;     (D) engineering;     (E) an environmental impact study;     (F) environmental remediation; or     (G) rehabilitation; or       (ii) similar to an expense described in Subsection (8)(a)(i) as determined by the board; and       (b) the publicly owned improvement is:   (i) not a building as determined by the board; and     (ii) necessary to support a project as determined by the board.         (9) "Publicly owned improvement" means an improvement to real property if:   (a) the real property is owned by:   (i) the United States;     (ii) the state; or     (iii) a political subdivision:   (A) as defined in Section 17B-1-102; and     (B) of the state; and         (b) the improvement relates to:   (i) a sewage system including a system for collection, transport, storage, treatment, dispersal, effluent use, or discharge;     (ii) a drainage or flood control system, including a system for collection, transport, diversion, storage, detention, retention, dispersal, use, or discharge;     (iii) a water system including a system for production, collection, storage, treatment, transport, delivery, connection, or dispersal;     (iv) a highway, street, or road system for vehicular use for travel, ingress, or egress;     (v) a rail transportation system;     (vi) a system for pedestrian use for travel, ingress, or egress;     (vii) a public utility system including a system for electricity, gas, or telecommunications; or     (viii) a system or device that is similar to a system or device described in Subsections (9)(b)(i) through (vii) as determined by the board.        Renumbered and Amended by Chapter 283, 2015 General Session