R653-14-2. Definitions

As used in this rule: (1) "Capital asset" means an asset that: (a) is a significant investment or an essential component necessary to provide water service, including: (i) a facility; (ii) infrastructure, whether above or below ground level; (iii) equipment; or (iv) a communications network; and (b) is owned by a water conservancy district. (2) "Capital asset management plan" or "plan" means a capital asset assessment, maintenance, and replacement program described and required in Section R653-12-3. (3) "Division" means the Division of Water Resources. (4) "Water conservancy district" means an entity formed under Title 17B, Chapter 2a, Part 10, Water Conservancy District Act, with an annual operating budget of $5,000,000 or less.