As used in this article, the following words and terms shall have the following meaning:
- (1) "Capitalized" means depositing funds as initial capital into a State Transportation Infrastructure Fund to establish the infrastructure fund.
- (2) "Commissioner" means the West Virginia Commissioner of Highways.
- (3) "Cooperative agreement" means written consent between the state and the United States Department of Transportation Secretary.
- (4) "Department" means the West Virginia Department of Transportation.
- (5) "Division" means the Division of Highways, a division within the West Virginia Department of Transportation.
- (6) "Initial assistance" means the first round of funds that are loaned or used for credit enhancement by the State Transportation Infrastructure Fund for projects eligible for assistance under this section.
- (7) "Loan" means any form of direct financial assistance from the infrastructure fund that is required to be repaid over a period of time and that is provided to a project sponsor for all or part of the costs of the project.
- (8) "US DOT Secretary" means the United States Department of Transportation Secretary.