35-466. Definitions

189 words·~1 min read·/az/title-35/35-466

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In this article, unless the context otherwise requires:

1. "Governing body" means the body constituted by law to be the governing board of the issuer.

2. "Grant agreement" means any written agreement entered into with the issuer and the United States of America or any of its departments or agencies by which the issuer will receive a grant or subvention for which the funds to be advanced have been appropriated to the department or agency making the grant and by which the issuer incurs no monetary liability to repay the grant or subvention except for the obligation to construct a project or projects.

3. "Grant anticipation notes" means notes authorized by this article and also notes to refund grant anticipation notes.

4. "Grant revenues" means any revenues the issuer will receive under a grant agreement, proceeds of grant anticipation notes and income and gain from investment of such revenues and proceeds.

5. "Issuer" means any city, charter city, town, county, sanitary district, electrical district, irrigation district, hospital district, improvement district or any other similar municipal corporation.

6. "State" means this state or any of its departments, agencies or authorities.