Definitions

As used in this article, unless the context otherwise requires: (1) "Board" means the board of directors of the critical needs financing corporation. (2) "Commission" means the transportation commission created in section 43-1-106 (1), C.R.S. (3) "Corporation" means the critical needs financing corporation created in section 24-115-104 (1). (4) "Department" means the department of transportation created in section 43-1-103 (1), C.R.S. (5) "Excess state revenues" means revenues collected by the state during any state fiscal year in excess of the limitation on state fiscal year spending calculated pursuant to section 20 (7)(a) of article X of the state constitution and article 77 of this title. (6) "Executive director" means the executive director of the department. (7) "Issuing authority" means the department with respect to notes issued to finance transportation projects and the corporation with respect to notes issued for any other purpose. (8) "Notes" means voter-approved critical needs notes authorized to be issued in accordance with section 24-115-110 (1). (9) "Transportation projects" means projects identified and approved as strategic transportation projects included in the strategic transportation project investment program of the department by resolution of the commission, which resolution may be amended by further resolution.