§ 46-12.8-2. Definitions.
(a) "Agency� means the Rhode Island infrastructure bank.
(b) "Approved project� means any project or portion thereof of a governmental unit or privately organized
water supplier that has been issued a certificate of approval by the department for
assistance through the agency; and, notwithstanding the foregoing, shall include safe
drinking water projects funded outside of the drinking water state revolving fund
without the requirement of the issuance of a certificate of approval.
(c) "Department� means the department of health.
(d) "Local governmental obligations� means bonds, notes or other evidences of indebtedness in fully marketable form issued
by a governmental unit to evidence a loan from the agency in accordance with this
chapter or otherwise as provided herein.
(e) "Local governmental unit� means any town, city, district, commission, agency, authority, board of other political
subdivision or instrumentality of the state or of any political subdivision thereof
responsible for the ownership or operation of water supply facilities within the state.
(f) "Obligations of private water companies� means bonds, notes or other evidences of indebtedness, of private water companies,
in fully marketable form.
(g) "Privately organized water supplier� means any water company not owned or operated by a local governmental unit, existing
under the laws of the state, and in the business of operating a safe drinking water
facility.
(h) "Water supply facility or facilities� means water reservoirs, wells and well sites, transmission or distribution system,
any and all real estate or interests in real estate held in connection therewith,
all equipment and improvements held in connection therewith, and any property or interests
therein, real, personal or mixed, used or held on to be used in connection therewith.
(i) "Financial assistance� means any form of financial assistance other than grants provided by the agency to
a local governmental unit or private water company in accordance with this chapter
for all or any part of the cost of an approved project, including, without limitation,
temporary and permanent loans, with or without interest, grants, guarantees, insurance,
subsidies for the payment of debt service on loans, lines of credit, and similar forms
of financial assistance; provided, however, notwithstanding the foregoing, for purposes
of capitalization grant awards made available to the agency pursuant to the American
Recovery and Reinvestment Act of 2009 (Pub. L. No. 111-5), or as otherwise required in connection with other capitalization grant awards made
available to the agency, financial assistance shall also include principal forgiveness
and negative interest loans.