As used in this part:
(1) "Applicable agency" means:
(a) for a project related to air quality, the Division of Air Quality created in Section 19-1-105; or
(b) for a project related to water resources, the Division of Water Resources created in Section 73-10-18.
(2) "Business entity" means a for-profit or nonprofit business entity.
(3) "Grant" means a grant awarded as part of the pilot program.
(4) "Pilot program" means the Strategic Innovation Grant Pilot Program created in Section 63N-3-902.