Section 801 – Definitions.

Effective 7/1/2022
63N-4-801. Definitions.
As used in this part:

• (1) “Advisory committee” means the Rural Opportunity Advisory Committee created in Section 63N-4-804.

• (2)
  • (a) “Business entity” means a sole proprietorship, partnership, association, joint venture, corporation, firm, trust, foundation, or other organization or entity used in carrying on a business.
  • (b) “Business entity” does not include a business primarily engaged in the following:
    • (i) construction;
    • (ii) staffing;
    • (iii) retail trade; or
    • (iv) public utility activities.

• (3) “CEO board” means a County Economic Opportunity Advisory Board as described in Section 63N-4-803.

• (4) “Fund” means the Rural Opportunity Fund created in Section 63N-4-805.

• (5) “Qualified asset” means a physical asset that provides or supports an essential public service.

• (6) ” Qualified project” means a project to build or improve one or more qualified assets for a rural community, including:
  • (a) telecom and high-speed Internet infrastructure;
  • (b) power and energy infrastructure;
  • (c) water and sewerage infrastructure;
  • (d) healthcare infrastructure; or
  • (e) other infrastructure as defined by rule made by the office in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

• (7) “Rural community” means a rural county or rural municipality.

• (8) “Rural county” means a county of the third, fourth, fifth, or sixth class.

• (9) “Rural municipality” means a city, town, or metro township located within the boundaries of:
  • (a) a county of the third, fourth, fifth, or sixth class; or
  • (b) a county of the second class, if the municipality has a population of 10,000 or less.

• (10) “Rural Opportunity Program” or “program” means the Rural Opportunity Program created in Section 63N-4-802.

Enacted by Chapter 362, 2022 General Session