Arizona Laws 49-1301. Definitions
In this article, unless the context otherwise requires:
Terms Used In Arizona Laws 49-1301
- Authority: means the water infrastructure finance authority of Arizona. See Arizona Laws 49-1201
- Eligible entity: means any of the following:
(a) A water provider. See Arizona Laws 49-1301
- 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.
- Financial assistance: means loans provided by the authority to eligible entities and credit enhancements purchased for an eligible entity's bonds or other forms of indebtedness pursuant to section 49-1307. See Arizona Laws 49-1301
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- 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
- Loan: means a bond, lease, loan or other evidence of indebtedness pertaining to financial assistance for water supply development projects issued from the long-term water augmentation fund. See Arizona Laws 49-1301
- Loan repayment agreement: means an agreement to repay a loan that is issued from the long-term water augmentation fund and that is entered into by an eligible entity. See Arizona Laws 49-1301
- Long-term water augmentation fund: means the fund established by section 49-1302. See Arizona Laws 49-1201
- Property: includes both real and personal property. See Arizona Laws 1-215
- Water provider: means any of the following:
(a) A municipal water delivery system as defined in section 42-5301. See Arizona Laws 49-1201
- Water supply development: means any of the following:
(a) Acquiring water or rights to or contracts for water to augment the water supply of a water provider, including any environmental or other reviews, permits or plans reasonably necessary for that acquisition. See Arizona Laws 49-1201
1. "Eligible entity" means any of the following:
(a) A water provider.
(b) Any city, town, county, district, commission, authority or other public entity that is organized and that exists under the statutory law of this state or under a voter-approved charter or initiative of this state.
2. "Financial assistance" means loans provided by the authority to eligible entities and credit enhancements purchased for an eligible entity‘s bonds or other forms of indebtedness pursuant to section 49-1307.
3. "Loan" means a bond, lease, loan or other evidence of indebtedness pertaining to financial assistance for water supply development projects issued from the long-term water augmentation fund.
4. "Loan repayment agreement" means an agreement to repay a loan that is issued from the long-term water augmentation fund and that is entered into by an eligible entity.
5. "Pledged revenues" means any monies to be received by an eligible entity, including property taxes, other local taxes, fees, assessments, rates or charges that are pledged by the eligible entity as a source of repayment for a loan repayment agreement.