As used in this part 6, unless the context otherwise requires:

1. (1) Administrator means the third-party administrator with which the department contracts pursuant to section 25-17-602 (2).

2. (2) Circular economy means an economy that uses a systems-focused approach and involves industrial processes and economic activities that:

   1. (a) Are restorative or regenerative by design;
   2. (b) Enable resources used in industrial processes and economic activities to maintain their highest values for as long as possible; and
   3. (c) Aim to eliminate waste through the superior design of materials, products, and systems, including business models.
3. (3) Circular economy development center or center means the circular economy development center created in section 25-17-602.
4. (4) Department means the department of public health and environment created in section 24-1-119.
5. (5) End market business means a business, or a portion of a business, that processes or reuses recyclable material.
6. (6) Executive director means the executive director of the department or the executive director's designee.

Source: L. 2022: Entire part added, (HB 22-1159), ch. 336, p. 2383, § 2, effective August 10.