| (13) | "Taxed interlocal entity" means:
| (a) | a project entity that:
| (ii) | does not receive a payment of funds from a federal agency or office, state agency or office, political subdivision, or other public agency or office other than:
| (A) | a payment that does not materially exceed the greater of the fair market value and the cost of a service provided or property conveyed by the project entity; or |
| (B) | a grant that is subject to accountability requirements and that the project entity receives for purposes related to a Utah interlocal energy hub, including research and development of technology, financing, construction, installation, operation, and other actions that the project entity may take with respect to a project; and |
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| (iii) | does not receive, expend, or have the authority to compel payment from tax revenue; or |
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| (b) | an interlocal entity that:
| (i) | was created before 1981 for the purpose of providing power supply at wholesale to its members; |
| (ii) | does not receive a payment of funds from a federal agency or office, state agency or office, political subdivision, or other public agency or office other than:
| (A) | a payment that does not materially exceed the greater of the fair market value and the cost of a service provided or property conveyed by the interlocal entity; or |
| (B) | a loan, grant, guaranty, transferable tax credit, cost-sharing arrangement, or other funding arrangement for an advanced nuclear power facility, as defined in 26 U.S.C. Sec. 45J(d), for an advanced nuclear reactor, as defined in 42 U.S.C. Sec. 16271(b)(1), or for an advanced nuclear energy facility that is eligible for a guarantee under 42 U.S.C. Sec. 16513; and |
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| (iii) | does not receive, expend, or have the authority to compel payment from tax revenue. |
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