41-5351. Definitions

154 words·~1 min read·/az/title-41/41-5351

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. "Agreement" means any loan or other agreement, contract, note, mortgage, deed of trust, trust indenture, lease, sublease or instrument entered into by the authority.

2. "Arizona industrial development authority" means the industrial development authority established by the Arizona finance authority.

3. "Authority" means the Arizona finance authority.

4. "Board" means the board of directors of the authority.

5. "Bonds" means any bonds issued by the authority or the Arizona industrial development authority.

6. "Costs":

(a)Means all costs incurred in the issuance of bonds, including insurance policy, credit enhancement, legal, accounting, consulting, printing, advertising and travel expenses, plus any authority administrative fees.

(b)May include interest on bonds for a reasonable time before and during the time the proceeds are used.

7. "Director" means the director of the authority.

8. "Federal agency" means the United States or any agency or agencies of the United States.