Arizona Revised Statutes Title 28. Transportation § 28-7611. Definitions

1. “Grant agreement” means a written agreement between the director and the United States of America or any of its departments or agencies by which the director will receive a grant to construct a project or to reimburse the director for monies spent with respect to the project.

2. “Grant anticipation notes” means notes authorized by this article.

3. “Grant revenues” means any revenues the director will receive under a grant agreement, proceeds of grant anticipation notes and income and gain from the investment of these revenues and proceeds.