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(1) "Buyback purchaser" means a person who buys a procurement item from the local government entity to which the person previously sold the procurement item.
(2) "Excess repurchase amount" means the difference between:
(a) the amount a buyback purchaser pays to a local government entity to purchase a procurement item that the buyback purchaser previously sold to the local government entity; and
(b) the amount the local government entity paid to the buyback purchaser to purchase the procurement item.
(3) "Local government entity" means a county, city, town, metro township, local district, special service district, community reinvestment agency, conservation district, or school district that is not subject to Title 63G, Chapter 6a, Utah Procurement Code.
(4) "Procurement item" means the same as that term is defined in Section 63G-6a-103.