Terms Used In Arizona Laws > Title 35 > Chapter 5 > Article 6 - Student Loan Bond Programs

• 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.
• Corporation: means any corporation organized as an authority as provided in this chapter. See Arizona Laws 35-701
• Educational institution: means a university under the jurisdiction of the Arizona board of regents, a community college in this state, an accredited private postsecondary institution eligible under title IV of the higher education act of 1965 licensed by this state and any other accredited institution eligible under title IV of the higher education act of 1965 offering postsecondary education or courses, whether located within or outside of the boundaries of this state, that awards any eligible degree. See Arizona Laws 35-771
• Eligible degree: means any postsecondary degree or program. See Arizona Laws 35-771
• Eligible lender: means an entity affiliated or contracting with a corporation or a qualified educational institution that may make student loans to eligible students or to the parents of eligible students or a nonprofit entity that is exempt from taxation under section 501(c)(3) of the internal revenue code and that makes student loans. See Arizona Laws 35-771
• Eligible student: means any student attending any qualified educational institution and any resident of this state attending any educational institution. See Arizona Laws 35-771
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Parent: means a student's mother, father, adoptive parent, grandparent or guardian or any person with the duty and authority to make important decisions in matters having a permanent effect on the life and development of a student and to be concerned about the student's general welfare. See Arizona Laws 35-771
• Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
• Qualified educational institution: means an educational institution, as defined in paragraph 1 of this section, with a campus and facilities located in this state that offers one or more eligible degrees. See Arizona Laws 35-771
• State program representative: means the state treasurer or the state treasurer's designee. See Arizona Laws 35-771
• Student loan: means a loan to or for the benefit of an eligible student for the purpose of financing all or a part of the eligible student's cost of attending an educational institution in pursuit of an eligible degree or refinancing any such loan previously made. See Arizona Laws 35-771
• Writing: includes printing. See Arizona Laws 1-215