Terms Used In Arizona Laws > Title 30 > Chapter 1 > Article 2 - Powers and Duties of Authority

• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• Amortization: Paying off a loan by regular installments.
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Authority: means the Arizona power authority. See Arizona Laws 30-101
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Lien: A claim against real or personal property in satisfaction of a debt.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Operating units: means districts, state agencies, federal Indian agencies, cities and towns. See Arizona Laws 30-101
• Person: means and includes natural persons engaged in the distribution of electric power, mutual and cooperative concerns or organizations by whatever name called, corporations, firms, business trusts and partnerships. See Arizona Laws 30-101
• Power: means electric power or electric energy, or both. See Arizona Laws 30-101
• Property: includes both real and personal property. See Arizona Laws 1-215
• Qualified purchasers: means persons and operating units privileged under this chapter to purchase power developed on the main stream of the Colorado river. See Arizona Laws 30-101
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Retail: means sales to others than persons or operating units. See Arizona Laws 30-101
• State: means this state. See Arizona Laws 30-101
• Statute: A law passed by a legislature.
• United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
• Wholesale: means sales to qualified distributors of power. See Arizona Laws 30-101
• works: means each and every facility necessary or convenient for producing, storing, generating, firming or transmitting power, and all rights-of-way, lands or interests in land, the use or occupancy of which are necessary or appropriate in the maintenance and operation of all such facilities. See Arizona Laws 30-101