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(1) "Fund" means the State Infrastructure Bank Fund created under Section 72-2-202.
(2) "Infrastructure assistance" means any use of fund money, except an infrastructure loan, to provide financial assistance for transportation projects or publicly owned infrastructure projects, including:
(a) capital reserves and other security for bond or debt instrument financing; or
(b) any letters of credit, lines of credit, bond insurance, or loan guarantees obtained by a public entity to finance transportation projects.
(3) "Infrastructure loan" means a loan of fund money to finance a transportation project or publicly owned infrastructure project.
(4) "Public entity" means a state agency, county, municipality, local district, special service district, an intergovernmental entity organized under state law, or the military installation development authority created in Section 63H-1-201.
(5) "Publicly owned infrastructure project" means a project to improve sewer or water infrastructure that is owned by a public entity.
(6) "Transportation project":
(a) means a project:
(i) to improve a state or local highway;
(ii) to improve a public transportation facility or nonmotorized transportation facility;
(iii) to construct or improve parking facilities;
(iv) that is subject to a transportation reinvestment zone agreement pursuant to Section 11-13-227 if the state is party to the agreement; or
(v) that is part of a housing and transit reinvestment zone created pursuant to Title 63N, Chapter 3, Part 6, Housing and Transit Reinvestment Zone Act;
(b) includes the costs of acquisition, construction, reconstruction, rehabilitation, equipping, and fixturing; and
(c) may only include a project if the project is part of:
(i) the statewide long range plan;
(ii) a regional transportation plan of the area metropolitan planning organization if a metropolitan planning organization exists for the area; or
(iii) a local government general plan or economic development initiative.