As used in this part:

1. (1) "Fund" means the State Infrastructure Bank Fund created under Section 72-2-202.

2. (2) "Infrastructure assistance" means any use of fund money, except an infrastructure loan, to provide financial assistance for transportation projects or publicly owned infrastructure projects, including:

   1. (a) capital reserves and other security for bond or debt instrument financing; or
   2. (b) any letters of credit, lines of credit, bond insurance, or loan guarantees obtained by a public entity to finance transportation projects.
3. (3) "Infrastructure loan" means a loan of fund money to finance a transportation project or publicly owned infrastructure project.
4. (4) "Public entity" means a state agency, county, municipality, special district, special service district, an intergovernmental entity organized under state law, an independent entity as defined in Section 63E-1-102, or the military installation development authority created in Section 63H-1-201.
5. (5) "Publicly owned infrastructure project" means a project to improve sewer or water infrastructure that is owned by a public entity.

6. (6) "Transportation project":

   1. (a) means a project:

      1. (i) to improve a state or local highway;
      2. (ii) to improve a public transportation facility or nonmotorized transportation facility;
      3. (iii) to construct or improve parking facilities;
      4. (iv) that is subject to a transportation reinvestment zone agreement in accordance with Section 63N-23-901 if the state is party to the agreement; or
      5. (v) that is part of a housing and transit reinvestment zone created in accordance with Title 63N, Chapter 23, Part 2, Housing and Transit Reinvestment Zone;
   2. (b) includes the costs of acquisition, construction, reconstruction, rehabilitation, equipping, and fixturing; and

   3. (c) may only include a project if the project is part of:

      1. (i) the statewide long range plan;
      2. (ii) a regional transportation plan of the area metropolitan planning organization if a metropolitan planning organization exists for the area; or
      3. (iii) a local government general plan or economic development initiative.

Amended by Chapter 94, 2026 General Session