As used in this part, unless the context requires otherwise, the following definitions apply:
(1) "Irrigation district" means a district created pursuant to Title 85, chapter 7, part 1.
(2) "Issuer" means the board of commissioners of an irrigation district or a board of control created pursuant to Title 85, chapter 7, part 16.
(3) "Revenues" means any fees, charges, rates, rents, or lease payments.
(4) "Undertaking" means any one or a combination of the following:
(a) water sources, water rights, irrigation canals, irrigation systems, including pumping facilities or gravity measure systems, reservoirs, reservoir sites, or small power production facilities that are:
(i) certified as such by the federal energy regulatory commission; and
(ii) are associated with federal reclamation projects;
(b) any real or personal property or water rights related to or necessary to provide, operate, and maintain an undertaking listed in subsection (4)(a).