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Arizona Revised Statutes Title 41. State Government § 41-5351. Definitions

Current as of January 01, 2025 | Updated by Findlaw Staff

In this article, unless the context otherwise requires:

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. “Arizona industrial development authority” means the industrial development authority established by the Arizona finance authority.

3. “Authority” means the Arizona finance authority.

4. “Board” means the board of directors of the authority.

5. “Bonds” means any bonds issued by the authority or the Arizona industrial development authority.

6. “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 for a reasonable time before and during the time the proceeds are used.

7. “Director” means the director of the authority.

8. “Federal agency” means the United States or any agency or agencies of the United States.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 41. State Government § 41-5351. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/az/title-41-state-government/az-rev-st-sect-41-5351/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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