Utah Admin. Code R907-65-4 - Definitions
The definitions of terms in R907-64-3 apply to the same terms used in this Rule. This Rule uses the following additional defined terms:
(1) "Land value" means
the fair market value of land within the right-of-way of the interstate system
as determined by the department under the core assumptions set forth in
R907-65-3 and
established for compensation purposes under
R907-65-6.
(2) "Rate of return" means the annual rate of
return on investment, using land value, as determined by the department and
established for compensation purposes under
R907-65-7.
(3) "Zone" means a group of right-of-way
segments of the interstate system as determined by the department and
established for compensation purposes under
R907-65-5.
Notes
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