Terms Used In Arizona Laws > Title 18 > Chapter 3 - Governmental Reporting of Information

• Agency website: means a website that is connected to the internet and that is owned, operated or funded by a local government. See Arizona Laws 18-301
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Escrow: means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or nonhappening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. See Arizona Laws 6-801
• Escrow agent: means any person engaged in the business of accepting escrows. See Arizona Laws 6-801
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Local government: means :

  (a) A county, city or town with a population of more than twenty-five hundred persons. See Arizona Laws 18-301

• State government: means any department, commission, board, institution or other agency of the state organization receiving, expending or disbursing state funds or incurring obligations against the state. See Arizona Laws 18-301