Arizona Revised Statutes Title 48. Special Taxing Districts § 48-3212. Definitions

1. “Bonds” means revenue bonds and includes notes if applicable.

2. “Undertaking” means for the purpose of this article the purchase, construction, leasing or acquisition of any real or personal property, works or facilities which the district is authorized by law to purchase, construct, lease or otherwise acquire, or the improvement, reconstruction, extension or addition to any real or personal property, works or facilities owned or operated by the district, or any program of development involving real or personal property, works or facilities which the district is authorized by law to purchase, construct, lease or otherwise acquire or the improvement, reconstruction, extension or addition to such program, but does not include the acquisition by the exercise of the right of eminent domain or condemnation of any existing electrical works or electrical facilities.