Skip to main content
Find a Lawyer

Arizona Revised Statutes Title 5. Amusements and Sports § 5-1161. Definitions

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

In this article, unless the context otherwise requires:

1. “Bond” means any obligation authorized and issued pursuant to this article, including:

(a) Bonds and notes.

(b) Certificates of participation in a lease-purchase or certificates of purchase in a lease or installment purchase agreement.

(c) Obligations that are authorized and issued to refund or refinance obligations that are authorized and issued pursuant to this article.

2. “Bond related expenses” means any expenses incurred by the authority for issuing and administering its bonds, including underwriting fees and costs, trustee fees, financial consultant fees, printing and advertising costs, paying agent fees, transfer agent fees, legal, accounting, feasibility consultant and other professional fees and expenses, credit enhancement fees, attorney and accounting fees and expenses related to credit enhancement, bond insurance or liquidity enhancement, remarketing fees, rating agency fees and costs, travel and telephone expenses and all other fees considered necessary by the authority board in order to market and administer the bonds.

3. “Sports authority purpose” includes:

(a) The capital costs of acquiring, designing, developing, constructing, reconstructing, equipping, furnishing, repairing, maintaining and improving stadiums and multipurpose facilities, directly related improvements and infrastructure, except as otherwise limited by this article. For the purposes of this subdivision, “infrastructure” means improvements that will directly and principally benefit the stadium or multipurpose facility and includes:

(i) Sanitary sewage systems.

(ii) Drainage and flood control systems.

(iii) Water systems.

(iv) Roadways for access, entry and exit and parking facilities.

(v) Pedestrian and other nonmotorized facilities for access, entry and exit and parking.

(vi) Landscaping.

(vii) Lighting systems.

(viii) Traffic control systems, signals, controls, markings and signage.

(b) The payment of bonds.

(c) Bond related expenses.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arizona Revised Statutes Title 5. Amusements and Sports § 5-1161. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/az/title-5-amusements-and-sports/az-rev-st-sect-5-1161/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard