43-4-702. Definitions.
206 words·~1 min read·
/co/title-43-transportation/article-4-financing/43-4-702·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in this part 7, unless the context otherwise requires:
(1)"Commission" means the transportation commission created by section 43-1-106.
(2)"Department" means the department of transportation created by part 1 of article 1 of this title.
(3)"Executive director" means the executive director of the department.
(4)"Federal transportation funds" means:
(a)Funds paid to the department by the United States department of transportation; and
(b)Funds paid to any political subdivision by the United States department of transportation that are subsequently paid to the department by such political subdivision.
(5)"Political subdivision" means any municipality, county, city and county, or other political subdivision of the state.
(6)"Qualified federal aid transportation project" means any project that may be financed, in whole or in part, with federal transportation funds.
(7)Repealed.
(8)"State matching funds" means revenues other than federal transportation funds that are credited to the state highway fund or the state highway supplementary fund in accordance with section 43-1-220 and that may be used by the department to pay the costs of any qualified federal aid transportation projects.
(9)"Transportation revenue anticipation notes", "revenue anticipation notes", or "notes" means revenue anticipation notes authorized by and issued in accordance with this part 7.