As used in this section:
(1) "Capital development project" means the same as that term is defined in Section 63A-5b-401, including new construction, capital expansion, and renovation.
(2) "Capital local levy" means the levy that a local school board imposes under Section 53F-8-303.
(3) "Capital Projects Evaluation Panel" or "panel" means the panel established in Section 53F-10-201.
(4) "Capital projects funding" means funds distributed from the Small School District Capital Projects Fund.
(5) "Division" means the Division of Facilities Construction and Management.
(6) "Eligible school district" means a school district:
(a) in a county of the fourth, fifth, or sixth class; and
(b)
(i) that qualifies for state guarantee funding related to local levies under Section 53F-2-601; or
(ii)
(A) that has a project that the panel has approved; and
(B) that the state board approves, upon the state superintendent's recommendation.
(7) "Small School District Capital Projects Fund" or "fund" means the capital projects fund created in Section 53F-9-601.