As used in this part: (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 provider. (2) "Governing body" means: (a) for a political subdivision, the political subdivision governing body defined in Section 63A-15-102; or (b) for a private entity, the private entity's board of directors, managing members, partners, or equivalent body. (3) "Retail water supplier" means the same as that term is defined in Section 19-4-102. (4) "Water conservancy district" means the same as that term is defined in Section 73-10-32. (5) "Water provider" means: (a) a retail water supplier; or (b) a water conservancy district.
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