48-1061. Definitions

448 words·~2 min read·/az/title-48/48-1061

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. "Authorized purpose" includes any one or more of the following purposes:

(a)The payment of district obligations.

(b)The cost of acquiring, constructing, reconstructing, equipping, maintaining and repairing a waterworks or wastewater system as defined in section 48-901.

(c)The acquisition of real property for waterworks or wastewater system needs.

(d)The payment of bond related expenses.

2. "Bond related expenses" means any expenses incurred by the district to issue and administer its bonds, including underwriting fees and costs, trustee fees, financial consultant fees, printing and advertising costs, fiscal agent fees, paying agent fees, registrar fees, transfer agent fees, legal, accounting, feasibility consultant and other expert fees and expenses, cost of credit enhancement fees, attorney and accounting fees and expenses related to credit enhancement, bond insurance or liquidity enhancement, remarketing fees, rating agency fees and costs, travel and telephone expenses and all other fees deemed necessary by the board of directors in order to market and administer the bonds.

3. "Bonds" means bonds of the district issued pursuant to this article.

4. "District" means a county improvement district that operates or is formed for the purpose of operating a domestic water delivery system or a wastewater system within the district, whether or not the district is governed in the manner described in article 4 of this chapter.

5. "Real property for wastewater system needs" means those real properties and any appurtenances to real properties that are designated or may be designated by the board of directors as a location for or as appropriate to the construction of a wastewater system project, including lands, easements, rights-of-way and other interests in lands, the use or occupancy of which is necessary or appropriate to construct, reconstruct, repair, maintain, extend, develop, improve, use or operate wastewater facilities and improvements.

6. "Real property for waterworks needs" means those real properties, rights to surface water or groundwater and any appurtenances to real properties that are designated or may be designated by the board of directors as a location for or as appropriate to the construction of a waterworks system project, including lands, easements, rights-of-way and other interests in lands, the use or occupancy of which is necessary or appropriate to construct, reconstruct, repair, maintain, extend, develop, improve, use or operate waterworks facilities and improvements.

7. "Revenues" includes any charge, income or receipt by the district of money or any other thing of value except that revenues shall not include monies paid to or for the account of the district for the levy of any tax or assessment or the sale of any property by the district to satisfy or pay any delinquent tax or assessment.