After issuance of transportation project advancement notes, the revenues the political subdivision receives under the applicable transportation project advance agreement shall be used as set forth in the agreement, including the payment when due or on redemption in advance of maturity, of all principal, interest and redemption premiums on the notes.

Terms Used In Arizona Laws 28-7694

  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Political subdivision: means a county, city, town or special taxing district established pursuant to section 48-5102 to construct or assist in the construction of a transportation project. See Arizona Laws 28-7691
  • Transportation project: means all or a portion of a project that is included in the state's transportation improvement program or a plan, as defined in section 28-6351, including the project planning, environmental work, design, right-of-way acquisition or construction for the transportation project and associated rolling stock and operating systems. See Arizona Laws 28-7691
  • Transportation project advance agreement: means a written agreement, entered into in accordance with section 28-7677 and Section 9-500. See Arizona Laws 28-7691

 

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