Arizona Laws 35-467. Definitions
In this article, unless the context otherwise requires:
Terms Used In Arizona Laws 35-467
- City: means a city or town incorporated under the laws of this state. See Arizona Laws 35-467
- 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.
- Municipal corporation: means a sanitary district, electrical district, irrigation district or hospital district or any other similar municipal corporation which is required by law to adopt a budget. See Arizona Laws 35-467
- Revenue: means any monies derived other than from grants, ad valorem taxes, sales taxes or transaction privilege taxes or from this state. See Arizona Laws 35-467
- Taxing district: means a city, county, school district or municipal corporation having the power to levy ad valorem taxes. See Arizona Laws 35-467
1. "City" means a city or town incorporated under the laws of this state.
2. "Fiscal year" means the period commencing on July 1 of any year and terminating on June 30 of the next succeeding year.
3. "Governing body" means the body constituted by law to be the legislative department of the taxing district.
4. "Municipal corporation" means a sanitary district, electrical district, irrigation district or hospital district or any other similar municipal corporation which is required by law to adopt a budget.
5. "Revenue" means any monies derived other than from grants, ad valorem taxes, sales taxes or transaction privilege taxes or from this state. Revenue does not include monies received by a municipal corporation which are restricted in their use or application by law.
6. "Taxing district" means a city, county, school district or municipal corporation having the power to levy ad valorem taxes.