In this article, unless the context otherwise requires:

Terms Used In Arizona Laws 41-5351

  • Agreement: means any loan or other agreement, contract, note, mortgage, deed of trust, trust indenture, lease, sublease or instrument entered into by the authority. See Arizona Laws 41-5351
  • Authority: means the Arizona finance authority. See Arizona Laws 41-5351
  • Board: means the board of directors of the authority. See Arizona Laws 41-5351
  • Bonds: means any bonds issued by the authority. See Arizona Laws 41-5351
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Director: means the director of the authority. See Arizona Laws 41-5351
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • 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
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • United States: includes the District of Columbia and the territories. See Arizona Laws 1-215

1. "Agreement" means any loan or other agreement, contract, note, mortgage, deed of trust, trust indenture, lease, sublease or instrument entered into by the authority.

2. "Authority" means the Arizona finance authority.

3. "Board" means the board of directors of the authority.

4. "Bonds" means any bonds issued by the authority.

5. "Costs":

(a) Means all costs incurred in the issuance of bonds, including insurance policy, credit enhancement, legal, accounting, consulting, printing, advertising and travel expenses, plus any authority administrative fees.

(b) May include interest on bonds issued by the authority for a reasonable time before and during the time the proceeds are used.

6. "Director" means the director of the authority.

7. "Federal agency" means the United States or any agency or agencies of the United States.