Sections
Part 1 General Provisions 63C-25-101
Part 2 State Finance Review Commission 63C-25-201 – 63C-25-203
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code > Title 63C > Chapter 25 - State Finance Review Commission

  • Accident and health insurance: means insurance to provide protection against economic losses resulting from:
              (1)(a)(i) a medical condition including:
                   (1)(a)(i)(A) a medical care expense; or
                   (1)(a)(i)(B) the risk of disability;
              (1)(a)(ii) accident; or
              (1)(a)(iii) sickness. See Utah Code 31A-1-301
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Authority: means the same as that term is defined in Section 63B-1-303. See Utah Code 63C-25-101
  • Bond: means the same as that term is defined in Section 63B-1-101. See Utah Code 63C-25-101
  • Bonding government entity: includes :
              (3)(b)(i) a bonding political subdivision; and
              (3)(b)(ii) a public infrastructure district that is authorized to issue bonds either directly, or through the authority of a bonding political subdivision or other governmental entity. See Utah Code 63C-25-101
  • Bonding political subdivision: means :
         (4)(a) the Utah Inland Port Authority, created in Section 11-58-201;
         (4)(b) the Military Installation Development Authority, created in Section 63H-1-201;
         (4)(c) the Point of the Mountain State Land Authority, created in Section 11-59-201;
         (4)(d) the Utah Lake Authority, created in Section 11-65-201;
         (4)(e) the State Fair Park Authority, created in Section 11-68-201; or
         (4)(f) the Utah Fairpark Area Investment and Restoration District, created in Section 11-70-201. See Utah Code 63C-25-101
  • Commission: means the State Finance Review Commission created in Section 63C-25-201. See Utah Code 63C-25-101
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Concessionaire: means a person who:
         (6)(a) operates, finances, maintains, or constructs a government facility under a contract with a bonding political subdivision; and
         (6)(b) is not a bonding government entity. See Utah Code 63C-25-101
  • Concessionaire contract: means a contract:
         (7)(a) between a bonding government entity and a concessionaire for the operation, finance, maintenance, or construction of a government facility;
         (7)(b) that authorizes the concessionaire to operate the government facility for a term of five years or longer, including any extension of the contract; and
         (7)(c) in which all or some of the annual source of payment to the concessionaire comes from state funds provided to the bonding government entity. See Utah Code 63C-25-101
  • Contract: A legal written agreement that becomes binding when signed.
  • Creating entity: means the same as that term is defined in Section 17D-4-102. See Utah Code 63C-25-101
  • Filed: means that a filing is:
              (69)(a)(i) submitted to the department as required by and in accordance with applicable statute, rule, or filing order;
              (69)(a)(ii) received by the department within the time period provided in applicable statute, rule, or filing order; and
              (69)(a)(iii) accompanied by the appropriate fee in accordance with:
                   (69)(a)(iii)(A) Section 31A-3-103; or
                   (69)(a)(iii)(B) rule. See Utah Code 31A-1-301
  • Filing: when used as a noun, means an item required to be filed with the department including:
         (70)(a) a policy;
         (70)(b) a rate;
         (70)(c) a form;
         (70)(d) a document;
         (70)(e) a plan;
         (70)(f) a manual;
         (70)(g) an application;
         (70)(h) a report;
         (70)(i) a certificate;
         (70)(j) an endorsement;
         (70)(k) an actuarial certification;
         (70)(l) a licensee annual statement;
         (70)(m) a licensee renewal application;
         (70)(n) an advertisement;
         (70)(o) a binder; or
         (70)(p) an outline of coverage. See Utah Code 31A-1-301
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Government facility: means infrastructure, improvements, or a building that:
         (9)(a) costs more than $5,000,000 to construct; and
         (9)(b) has a useful life greater than five years. See Utah Code 63C-25-101
  • health insurance: means insurance providing:
              (84)(a)(i) a health care benefit; or
              (84)(a)(ii) payment of an incurred health care expense. See Utah Code 31A-1-301
  • Insurance: includes :
              (96)(b)(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;
              (96)(b)(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
              (96)(b)(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
  • Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy and includes:
              (103)(a)(i) a policyholder;
              (103)(a)(ii) a subscriber;
              (103)(a)(iii) a member; and
              (103)(a)(iv) a beneficiary. See Utah Code 31A-1-301
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Land: includes :
         (18)(a) land;
         (18)(b) a tenement;
         (18)(c) a hereditament;
         (18)(d) a water right;
         (18)(e) a possessory right; and
         (18)(f) a claim. See Utah Code 68-3-12.5
  • Large public transit district: means the same as that term is defined in Section 17B-2a-802. See Utah Code 63C-25-101
  • Loan entity: means the board, person, unit, or agency with legal responsibility for making a loan from a revolving loan fund. See Utah Code 63C-25-101
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Obligation: means the same as that term is defined in Section 63B-1-303. See Utah Code 63C-25-101
  • Parameters resolution: means a resolution of a bonding government entity that sets forth for proposed bonds:
         (13)(a) the maximum:
              (13)(a)(i) amount of bonds;
              (13)(a)(ii) term; and
              (13)(a)(iii) interest rate; and
         (13)(b) the expected security for the bonds. See Utah Code 63C-25-101
  • Person: includes :
         (146)(a) an individual;
         (146)(b) a partnership;
         (146)(c) a corporation;
         (146)(d) an incorporated or unincorporated association;
         (146)(e) a joint stock company;
         (146)(f) a trust;
         (146)(g) a limited liability company;
         (146)(h) a reciprocal;
         (146)(i) a syndicate; or
         (146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
  • Policy: includes a service contract issued by:
              (150)(b)(i) a motor club under Chapter 11, Motor Clubs;
              (150)(b)(ii) a service contract provided under Chapter 6a, Service Contracts; and
              (150)(b)(iii) a corporation licensed under:
                   (150)(b)(iii)(A) Chapter 7, Nonprofit Health Service Insurance Corporations; or
                   (150)(b)(iii)(B) Chapter 8, Health Maintenance Organizations and Limited Health Plans. See Utah Code 31A-1-301
  • Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
  • Public infrastructure district: means a public infrastructure district created under Title 17D, Chapter 4, Public Infrastructure District Act. See Utah Code 63C-25-101
  • Quorum: The number of legislators that must be present to do business.
  • 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.
  • Revolving loan fund: means :
         (15)(a) the Water Resources Conservation and Development Fund, created in Section 73-10-24;
         (15)(b) the Water Resources Construction Fund, created in Section 73-10-8;
         (15)(c) the Water Resources Cities Water Loan Fund, created in Section 73-10-22;
         (15)(d) the Clean Fuel Conversion Funds, created in Title 19, Chapter 1, Part 4, Clean Fuels and Emission Reduction Technology Program Act;
         (15)(e) the Water Development Security Fund and its subaccounts, created in Section 73-10c-5;
         (15)(f) the Agriculture Resource Development Fund, created in Section 4-18-106;
         (15)(g) the Utah Rural Rehabilitation Fund, created in Section 4-19-105;
         (15)(h) the Permanent Community Impact Fund, created in Section 35A-8-303;
         (15)(i) the Petroleum Storage Tank Fund, created in Section 19-6-409;
         (15)(j) the School Building Revolving Account, created in Section 53F-9-206;
         (15)(k) the State Infrastructure Bank Fund, created in Section 72-2-202;
         (15)(l) the Uintah Basin Revitalization Fund, created in Section 35A-8-1602;
         (15)(m) the Navajo Revitalization Fund, created in Section 35A-8-1704;
         (15)(n) the Energy Efficiency Fund, created in Section 11-45-201;
         (15)(o) the Brownfields Fund, created in Section 19-8-120;
         (15)(p) any of the enterprise revolving loan funds created in Section 63A-3-402: and
         (15)(q) any other revolving loan fund created in statute where the borrower from the revolving loan fund is a public non-profit entity or political subdivision, including a fund listed in Section 63A-3-205, from which a loan entity is authorized to make a loan. See Utah Code 63C-25-101
  • 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
  • State funds: means an appropriation by the Legislature identified as coming from the General Fund or Education Fund. See Utah Code 63C-25-101
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5