Terms Used In Arizona Laws > Title 48 > Chapter 29 > Article 4 - Financing

• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• Any public transportation purpose: includes any one or more of the following purposes:

  (a) The payment of public transportation obligations. See Arizona Laws 48-5161

• Authority: means a regional public transportation authority organized under this chapter. See Arizona Laws 48-5101
• Board: means the board of directors of a regional public transportation authority. See Arizona Laws 48-5101
• 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. See Arizona Laws 48-5161
• Bonds: means bonds of the authority issued pursuant to this article. See Arizona Laws 48-5161
• Contract: A legal written agreement that becomes binding when signed.
• Fiscal agent: means a bank or trust company authorized to do business in this state or the county treasurer as designated by the board. See Arizona Laws 48-5101
• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Lien: A claim against real or personal property in satisfaction of a debt.
• Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
• Property: includes both real and personal property. See Arizona Laws 1-215
• Public transportation: means local transportation of passengers by means of a public conveyance. See Arizona Laws 48-5101
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
• Trustee: A person or institution holding and administering property in trust.
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}
• United States: includes the District of Columbia and the territories. See Arizona Laws 1-215