Arizona Revised Statutes Title 35. Public Finances § 35-467. Definitions

1. “City” means a city or town incorporated under the laws of this state.

2. “Fiscal year” means the period commencing on July 1 of any year and terminating on June 30 of the next succeeding year.

3. “Governing body” means the body constituted by law to be the legislative department of the taxing district.

4. “Municipal corporation” means a sanitary district, electrical district, irrigation district or hospital district or any other similar municipal corporation which is required by law to adopt a budget.

5. “Revenue” means any monies derived other than from grants, ad valorem taxes, sales taxes or transaction privilege taxes or from this state. Revenue does not include monies received by a municipal corporation which are restricted in their use or application by law.

6. “Taxing district” means a city, county, school district or municipal corporation having the power to levy ad valorem taxes.