Arizona Revised Statutes Title 48. Special Taxing Districts § 48-701. Definitions

1. “Clerk” includes any person or official who performs the duties of clerk of the municipality or county or any person appointed by the district board to be the district clerk pursuant to § 48-711.

2. “County” means a county that forms a community facilities district pursuant to this article in an unincorporated area or in an incorporated area with the municipality's consent.

3. “Debt service” means the principal of, interest on and premium, if any, on the bonds, when due, whether at maturity or prior redemption and fees and costs of registrars, trustees, paying agents or other agents necessary to handle the bonds and the costs of credit enhancement or liquidity support.

4. “District” means a tax levying community facilities district formed pursuant to this article by a municipality or formed pursuant to this article by a county in an unincorporated area or in an incorporated area with the municipality's consent.

5. “District board” means the board of directors of the district.

6. “Enhanced municipal services” means public service provided by a county or municipality within the district at a higher level or to a greater degree than provided in the remainder of the county or municipality, including such services as public safety, fire protection, street or sidewalk cleaning or landscape maintenance in public areas.

7. “Entity” means any of the following:

8. “General obligation bond” means a bond that is issued pursuant to § 48-719 and that is secured by a pledge of ad valorem taxes levied by the district.

9. “General plan” means the general plan described in § 48-702, subsection D, as the plan may be amended.

10. “Governing body” means the body or board that by law is constituted as the legislative department of the municipality or county.

11. “Municipality” means an incorporated city or town.

12. “Net premium” means the difference between the par amount of the general obligation bond issue and the general obligation bond issue price that is determined pursuant to United States department of the treasury regulations.

13. “Owner” means the person or entity that, on the day the action, election or proceeding is begun or held, appears to be the owner of real property as shown on the property tax assessment roll.

14. “Public infrastructure” means all improvements listed in this paragraph that will result in a beneficial use principally to land within the geographical limits of the district and may include a district's share of any improvements listed in this paragraph if the district board determines such share is proportionate to the beneficial use of such improvements to land within the geographical limits of the district, improvements within or outside the geographical limits of the district, necessary or incidental work, whether newly constructed, renovated or existing, and all necessary or desirable appurtenances. For the purposes of this paragraph, adoption by the district board of a resolution of intent pursuant to § 48-715 shall conclusively establish that the improvements or, if applicable, share of the improvements that are the subject of the resolution will result in a beneficial use principally to land within the geographical limits of the district. Public infrastructure improvements are:

15. “Public infrastructure purpose” means:

16. “Revenue bonds” means those bonds that are issued pursuant to § 48-720 and that are secured by a pledge of revenues of the district or revenues collected by the county or municipality and returned to the district.

17. “Treasurer” includes any person or official who performs the duties of treasurer of the municipality or county or any person appointed by the district board as the district treasurer pursuant to § 48-711.