Terms Used In Arizona Laws > Title 48 > Chapter 26 > Article 1 - General Provisions

• Board: means the board of directors of any district established under section 48-4202, subsection A, B or C. See Arizona Laws 48-4201
• Contract: A legal written agreement that becomes binding when signed.
• District: means any county stadium district established pursuant to section 48-4202, subsection A, B or C. See Arizona Laws 48-4201
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Fiduciary: A trustee, executor, or administrator.
• 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}
• Multipurpose facility: means any facility or facilities that include:

  (a) A primary component that is located in the district on the multipurpose facility site and on lands that are adjacent to each other or separated by public rights-of-way, that the district owns or leases and that is used to accommodate sporting, entertainment, cultural, civic, meeting, trade show or convention events or activities, fire, police or other public safety facilities and tourism offices. See Arizona Laws 48-4201

• Multipurpose facility site: means the geographic area within the district which is depicted in the publicity pamphlet for an election held pursuant to section 48-4237. See Arizona Laws 48-4201
• Municipality: means a city or town that is incorporated or chartered under the constitution and laws of this state. See Arizona Laws 48-4201
• 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
• Population: means the population according to the most recent United States decennial census. See Arizona Laws 1-215
• Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
• Property: includes both real and personal property. See Arizona Laws 1-215
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Stadium: means a sports facility or facilities located in the district and designed to accommodate, but not be limited to, major league baseball events or intercollegiate athletic events. See Arizona Laws 48-4201