Terms Used In Utah Code 11-13-602

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Asset: means funds, money, an account, real or personal property, or personnel. See Utah Code 11-13-602
• Associated entity: means a taxed interlocal entity that adopts a segment's organizing resolution. See Utah Code 11-13-602
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Fiduciary: A trustee, executor, or administrator.
• Indexed office: means the address identified under Subsection 63G-7-401(5)(a)(i) by a segment's associated entity in the associated entity's statement described in Subsection 63G-7-401(5). See Utah Code 11-13-602
• Interlocal entity: means :
       (12)(a) a Utah interlocal entity, an electric interlocal entity, or an energy services interlocal entity; or
       (12)(b) a separate legal or administrative entity created under Section 11-13-205. See Utah Code 11-13-103
• 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.
• Organization agreement: means an agreement, as amended, that creates a taxed interlocal entity. See Utah Code 11-13-602
• Organizing resolution: means a resolution described in Subsection 11-13-604(1) that creates a segment. See Utah Code 11-13-602
• Project: means :
       (10)(a) the same as that term is defined in Section 11-13-103; or
       (10)(b) facilities, improvements, or contracts undertaken by a taxed interlocal entity in accordance with Subsection 11-13-204(2). See Utah Code 11-13-602
• Project entity: means a Utah interlocal entity or an electric interlocal entity that owns a project as defined in this section. See Utah Code 11-13-103
• Property: includes both real and personal property. See Utah Code 68-3-12.5
• Public agency: means :
       (19)(a) a city, town, county, school district, special district, special service district, an interlocal entity, or other political subdivision of the state;
       (19)(b) the state or any department, division, or agency of the state;
       (19)(c) any agency of the United States;
       (19)(d) any political subdivision or agency of another state or the District of Columbia including any interlocal cooperation or joint powers agency formed under the authority of the law of the other state or the District of Columbia; or
       (19)(e) any Indian tribe, band, nation, or other organized group or community which is recognized as eligible for the special programs and services provided by the United States to Indians because of their status as Indians. See Utah Code 11-13-103
• Segment: means a segment created in accordance with Section 11-13-604. See Utah Code 11-13-602
• 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
• Taxed interlocal entity: means :
       (13)(a) a project entity that:

            (13)(a)(i) is not exempt from a tax or fee in lieu of taxes imposed in accordance with Part 3, Project Entity Provisions;

            (13)(a)(ii) does not receive a payment of funds from a federal agency or office, state agency or office, political subdivision, or other public agency or office other than:

                 (13)(a)(ii)(A) a payment that does not materially exceed the greater of the fair market value and the cost of a service provided or property conveyed by the project entity; or

                 (13)(a)(ii)(B) a grant that is subject to accountability requirements and that the project entity receives for purposes related to a Utah interlocal energy hub, including research and development of technology, financing, construction, installation, operation, and other actions that the project entity may take with respect to a project; and

            (13)(a)(iii) does not receive, expend, or have the authority to compel payment from tax revenue; or
       (13)(b) an interlocal entity that:

            (13)(b)(i) was created before 1981 for the purpose of providing power supply at wholesale to its members;

            (13)(b)(ii) does not receive a payment of funds from a federal agency or office, state agency or office, political subdivision, or other public agency or office other than:

                 (13)(b)(ii)(A) a payment that does not materially exceed the greater of the fair market value and the cost of a service provided or property conveyed by the interlocal entity; or

                 (13)(b)(ii)(B) a loan, grant, guaranty, transferable tax credit, cost-sharing arrangement, or other funding arrangement for an advanced nuclear power facility, as defined in Utah Code 11-13-602
• Use: includes , when constituting a noun, the corresponding nominal form of each term in Subsection (14)(a), individually. See Utah Code 11-13-602
• Utah interlocal energy hub: means project entity-owned facilities that:
       (15)(a) are located within the state; and
       (15)(b) facilitate the coordination of resources and participants in a multi-county or interstate region for:

            (15)(b)(i) the generation of energy, including with hydrogen fuel;

            (15)(b)(ii) the transmission of energy;

            (15)(b)(iii) energy storage, including compressed air energy storage;

            (15)(b)(iv) producing environmental benefits; or

            (15)(b)(v) the production, storage, or transmission of fuel, including hydrogen fuel. See Utah Code 11-13-602