60-11-1102. Definitions. As used in this part, unless the context indicates otherwise, the following definitions apply:
     (1) "Bonds" means railroad rehabilitation revenue bonds authorized by 60-11-1103.
     (2) "Department" means the department of transportation.
     (3) "Person" means an individual or a partnership, association, corporation, or other business entity.
     (4) "Project" or "rehabilitation project" means a business undertaking to repair, improve, or replace rail facilities to improve the safety and efficiency of the facilities and to derive revenue.
     (5) "Rail facilities" means the line of track of a railroad, including spurs and extensions, and associated facilities, including but not limited to freight and commodities, storage and loading facilities, signal and switching systems, roadbeds, and machinery and equipment designed for rail maintenance, but the term does not include engines or rolling stock used for the transport of goods or passengers.
     (6) "Refunding bonds" means railroad rehabilitation refunding revenue bonds authorized by 60-11-1109.

     History: En. Sec. 2, Ch. 564, L. 1979; amd. Sec. 1, Ch. 486, L. 1981; amd. Sec. 6, Ch. 512, L. 1991.