48-5161. Definitions

240 words·~1 min read·/az/title-48/48-5161

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. "Any public transportation purpose" includes any one or more of the following purposes:

(a)The payment of public transportation obligations.

(b)The cost of acquiring, constructing, reconstructing, equipping, maintaining and repairing a public transportation system.

(c)The acquisition of real property for public transportation needs.

(d)The payment of bond related expenses.

2. "Bond related expenses" means expenses incurred by the authority 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.

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

4. "Real property for public transportation needs" means real property and any appurtenances to the real property that are designated or may be designated by the board as a location for the construction of a public transportation system project, including all lands or interests in lands, the use or occupancy of which are necessary or appropriate in the construction, reconstruction, repair, maintenance, extension, development, improvement or operation of public transportation facilities and improvements.