As used in this part 9, unless the context otherwise requires:
(1) Authority means a municipal energy finance authority formed pursuant to this part 9.
(2) Board means the board of an authority.
(3) Governing body means the governing board of any municipality.
(4) Unconventional gases means gases that are predominantly methane, not obtained from ordinary, porous sands; and that generally are said to be in tight sands and shales where permeability is low, in coal beds where pressure is low, and in geopressured sediments, or gas from all sources other than sandstone or limestone with permeability less than one millidarcy. Unconventional gases also includes gases that are predominantly methane obtained from or in connection with wastewater treatment operations.
Source: L. 2025: Entire section added, (SB 25-275), ch. 377, p. 2090, � 267, effective August 6.
31-25-902. Duties of authority - development and financing of unconventional gas supplies. An authority formed pursuant to this part 9 shall be known as a municipal energy finance authority. The authority's duties shall include the financing of municipal operations for the exploration, development, and production of unconventional gas for the purposes specified in section 31-25-901.
Source: L. 80: Entire part added, p. 659, � 1, effective July 1. L. 2025: Entire section amended, (SB 25-275), ch. 377, p. 2090, � 268, effective August 6.