Current through December 3, 2024
Section 290-RICR-20-00-2.3 - DefinitionsA. Except as otherwise indicated, the following definitions shall apply:1. "Application" means Municipal Road and Bridge Revolving Loan Fund Project Loan Application.2. ''Approved Project'' means any project approved by the Rhode Island Infrastructure Bank for financial assistance.3. "Bank'' means the Rhode Island Infrastructure Bank.4. "Department" means The Rhode Island Department of Transportation.5. ''Eligible Project'' means an infrastructure plan, or portion of an infrastructure plan, that is intended to proceed within the upcoming calendar year, which meets the evaluation criteria established in § 2.5 of this Part and is consistent with the State Guide Plan, R.I. Gen. Laws § 42-11-10.6. "Final Agency Decision" means the decision of the Department, as indicated by written correspondence determining the Project Priority List.7. ''Financial Assistance'' means any form of financial assistance other than grants provided by the Bank to a city or town in accordance with R.I. Gen. Laws § 24-18 - 7, as amended for all or any part of the cost of an Approved Project, including, without limitation, temporary and permanent loans, with or without interest, guarantees, insurance, subsidies for the payment of debt service on loans, lines of credit, and similar forms of financial assistance.8 ''Infrastructure Plan'' means a project proposed by a city or town that would make capital improvements to roads, bridges and appurtenances thereto consistent with project evaluation criteria established in § 2.5 of this Part.9. ''Project Priority List'' means the list of Eligible Projects, ranked in the order in which Financial Assistance shall be awarded by the Bank, as long as the Eligible Project and/or municipality meet the requirements for Financial Assistance set forth in the program regulations for the Municipal Road and Bridge Revolving Fund established by the Bank.10. "Project Year" means calendar year in which a project would be constructed and would receive Financial Assistance, if approved.290 R.I. Code R. 290-RICR-20-00-2.3