Terms Used In Utah Code > Title 63C > Chapter 25 > Part 2 - State Finance Review Commission

• 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
• 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
• 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.
• 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
• 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
• Statute: A law passed by a legislature.