Terms Used In Arizona Laws > Title 48 > Chapter 28 > Article 5 - Revenue Bonds

• Active management area: means an active management area established under Title 45, Chapter 2. See Arizona Laws 48-4801
• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• 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
• Board: means either the initial board of directors or the permanent board of directors of a district. See Arizona Laws 48-4801
• Dependent: A person dependent for support upon another.
• District: means an active management area water district established under this chapter. See Arizona Laws 48-4801
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• Operating unit: means a county, city, town, water company or political subdivision, this state, the United States, an Indian tribe or any other public or private entity with which a district has a contractual relationship for the acquisition, delivery, exchange, treatment, storage or recharge of water. See Arizona Laws 48-4801
• Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• Project: means a facility necessary or convenient to obtain, divert, withdraw, transport, exchange, deliver, treat or store water, including rights-of-way, real and personal property, interests in property and improvements to property that are necessary or appropriate to maintain and operate the facilities. See Arizona Laws 48-4801
• Resolution: means a resolution, adopted by the governing body of a city or town, by the board of directors of a private water company that is a corporation, by the general partners of a private water company that is a partnership or by the individual owners of a private water company that is individually owned. See Arizona Laws 48-4801
• Trustee: A person or institution holding and administering property in trust.