Arizona Laws 35-511. Definitions
In this article unless the context otherwise requires:
Terms Used In Arizona Laws 35-511
- Bond: means any bond, note, warrant, lease, lease purchase agreement or other interest bearing obligation issued pursuant to any provision of law by this state or any political subdivision. See Arizona Laws 35-511
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- Political subdivision: means city, town, county, school district, community college district, multi-county water conservation district, agriculture improvement district, industrial development authority, pollution control corporation, special taxing district in title 48 and any other agency, instrumentality, municipal corporation or other entity created by a law of this state which has the power to issue bonds. See Arizona Laws 35-511
- Treasurer: means the treasurer, finance director or other person acting in the capacity of the treasurer of this state or any political subdivision. See Arizona Laws 35-511
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
1. "Bond" means any bond, note, warrant, lease, lease purchase agreement or other interest bearing obligation issued pursuant to any provision of law by this state or any political subdivision.
2. "Political subdivision" means city, town, county, school district, community college district, multi-county water conservation district, agriculture improvement district, industrial development authority, pollution control corporation, special taxing district in title 48 and any other agency, instrumentality, municipal corporation or other entity created by a law of this state which has the power to issue bonds.
3. "Rebate" means the payment of monies to the federal government pursuant to any law enacted by the Congress of the United States in consideration of retaining any exemption from federal income taxes for the interest income on an issuer’s bonds.
4. "Treasurer" means the treasurer, finance director or other person acting in the capacity of the treasurer of this state or any political subdivision.