Terms Used In Arizona Laws > Title 35 > Chapter 3 > Article 3.2 - Grant Anticipation Notes

• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• 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.
• Governing body: means the body constituted by law to be the governing board of the issuer. See Arizona Laws 35-466
• Grant agreement: means any written agreement entered into with the issuer and the United States of America or any of its departments or agencies by which the issuer will receive a grant or subvention for which the funds to be advanced have been appropriated to the department or agency making the grant and by which the issuer incurs no monetary liability to repay the grant or subvention except for the obligation to construct a project or projects. See Arizona Laws 35-466
• Grant anticipation notes: means notes authorized by this article and also notes to refund grant anticipation notes. See Arizona Laws 35-466
• Grant revenues: means any revenues the issuer will receive under a grant agreement, proceeds of grant anticipation notes and income and gain from investment of such revenues and proceeds. See Arizona Laws 35-466
• Issuer: means any city, charter city, town, county, sanitary district, electrical district, irrigation district, hospital district, improvement district or any other similar municipal corporation. See Arizona Laws 35-466
• 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.
• State: means this state or any of its departments, agencies or authorities. See Arizona Laws 35-466
• United States: includes the District of Columbia and the territories. See Arizona Laws 1-215