§ 43-4-702 — Definitions

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(7) Repealed.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.

Legislative History

Source: L. 99: Entire part added, p. 1110, � 1, effective June 2. L. 2001: (2) amended, p. 1287, � 78, effective June 5. L. 2018: (7) repealed and (9) added, (SB 18-001), ch. 353, p. 2103, � 9, effective May 31.