Definitions

As used in 60-11-117 through 60-11-119, the following definitions apply: (1) "Board" means the board of investments established in 2-15-1808. (2) "Bonds" means bonds, notes, or other evidences of indebtedness issued pursuant to 60-11-117 through 60-11-119 as essential freight rail revenue bonds. (3) "Cost", as applied to any project, means any cost of any part of the project pursuant to 60-11-120. (4) "Projects" means the acquisition, construction, reconstruction, maintenance, and repair of rail lines. (5) "Revenue" means the revenue from the operation of a rail line loan repayments and any delinquency charges on loan repayments.