48-4541. Definitions

253 words·~1 min read·/az/title-48/48-4541

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. "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, paying agent 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 in order to market and administer the bonds.

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

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

4. "Water replenishment purpose":

(a)Includes any one or more of the following purposes:

(i)The payment of water replenishment obligations.

(ii)The cost of acquiring, constructing, reconstructing, equipping, maintaining and repairing water replenishment facilities.

(iii)The acquisition of real property for water replenishment needs.

(iv)The payment of bond related expenses.

(b)Does not include acquiring by eminent domain or condemnation any existing electrical works or electrical facilities.