(1) "Board" means the board of trustees of a public infrastructure district.

(2) "Creating entity" means the county or municipality that approves of the creation of the public infrastructure district.

(3) "District applicant" means the person proposing the creation of the public infrastructure district.

(4) "Division" means a division of a public infrastructure district: (a) that is relatively equal in number of eligible voters or potential eligible voters to all other divisions within the public infrastructure district, taking into account existing or potential developments which, when completed, would increase or decrease the population within the public infrastructure district; and (b) which a member of the board represents.

(a) that is relatively equal in number of eligible voters or potential eligible voters to all other divisions within the public infrastructure district, taking into account existing or potential developments which, when completed, would increase or decrease the population within the public infrastructure district; and

(b) which a member of the board represents.

(5) "Governing document" means the document governing the public infrastructure district to which the creating entity agrees before the creation of the public infrastructure district, as amended from time to time, and subject to the limitations of Chapter 1, Provisions Applicable to All Local Districts, and this part.

(6) (a) "Limited tax bond" means a bond: (i) that is directly payable from and secured by ad valorem property taxes that are levied: (A) by the public infrastructure district that issues the bond; and (B) on taxable property within the district; (ii) that is a general obligation of the public infrastructure district; and (iii) for which the ad valorem property tax levy for repayment of the bond does not exceed the mill rate limit established under Section 17B-2a-1209 for any fiscal year, except as provided in Subsection 17B-2a-1207(8). (b) "Limited tax bond" does not include: (i) a short-term bond; (ii) a tax and revenue anticipation bond; or (iii) a special assessment bond.

(a) "Limited tax bond" means a bond: (i) that is directly payable from and secured by ad valorem property taxes that are levied: (A) by the public infrastructure district that issues the bond; and (B) on taxable property within the district; (ii) that is a general obligation of the public infrastructure district; and (iii) for which the ad valorem property tax levy for repayment of the bond does not exceed the mill rate limit established under Section 17B-2a-1209 for any fiscal year, except as provided in Subsection 17B-2a-1207(8).

(i) that is directly payable from and secured by ad valorem property taxes that are levied: (A) by the public infrastructure district that issues the bond; and (B) on taxable property within the district;

(A) by the public infrastructure district that issues the bond; and

(B) on taxable property within the district;

(ii) that is a general obligation of the public infrastructure district; and

(iii) for which the ad valorem property tax levy for repayment of the bond does not exceed the mill rate limit established under Section 17B-2a-1209 for any fiscal year, except as provided in Subsection 17B-2a-1207(8).

(b) "Limited tax bond" does not include: (i) a short-term bond; (ii) a tax and revenue anticipation bond; or (iii) a special assessment bond.

(i) a short-term bond;

(ii) a tax and revenue anticipation bond; or

(iii) a special assessment bond.