2015 Utah Code
Title 63N - Governor's Office of Economic Development
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