2006 Utah Code - 63-38f-902 — Definitions.

     63-38f-902.   Definitions.
     As used in this part:
     (1) "Administrator" means the director or the director's designee.
     (2) "Board" means the Board of Business and Economic Development.
     (3) "Company creating an economic impediment" means a company that discourages economic development within a reasonable radius of its location because of:
     (a) odors;
     (b) noise;
     (c) pollution;
     (d) health hazards; or
     (e) other activities similar to those described in Subsections (3)(a) through (d).
     (4) "Economic opportunities" means unique business situations or community circumstances which lend themselves to the furtherance of the economic interests of the state by providing a catalyst or stimulus to the growth or retention, or both, of commerce and industry in the state.
     (5) "Economically disadvantaged rural area" means a geographic area designated by the board under Section 63-38f-909.
     (6) "Fund" means the restricted account known as the Industrial Assistance Fund created in Section 63-38f-903.
     (7) "Replacement company" means a company locating its business or part of its business in a location vacated by a company creating an economic impediment.
     (8) "Targeted industry" means an industry or group of industries targeted by the board under Section 63-38f-909, for economic development in the state.

Renumbered and Amended by Chapter 148, 2005 General Session