[§51D-2] Definitions. As used in this chapter unless the context otherwise requires:

"Mass transportation" means transportation by bus, rail, or other conveyance either publicly or privately owned, which provides general or special service to the public on a regular and continuing basis, excluding school buses, charter, or sightseeing service.

"Private source revenues" means all funds, concessions, development rights, or other assets of value contractually agreed upon with the county from sources other than state, county, or federal government as a result of, or for the purposes of, developing mass transportation.

"Transit fund" means the transit capital development fund created in section 51D-3. [L 1990, c 183, pt of §2]