2005 Arizona Revised Statutes - Revised Statutes §28-7681  Definitions

In this article, unless the context otherwise requires:

1. "Excise taxes" means all unrestricted excise, transaction, franchise, privilege and business taxes, state shared sales and income taxes, fees for licenses and permits and state revenue sharing that are validly imposed by a city or town or contributed, allocated or paid to the city or town and not earmarked by the contributor for a contrary or inconsistent purpose.

2. "Highway project" means a highway project that is on the federal aid system, national highway system, or state route or state highway system and that is included in the department's state highway construction plan, except that a highway project does not include any local street improvements.

3. "Highway project advance agreement" means a written agreement entered into in accordance with sections 9-500.17 and 28-7677 between the department and a city or town under which the department receives an advance payment from a city or town to accelerate right-of-way acquisition for, or design or construction of, a highway project and under which the department repays the advance with interest, if any, at an agreed on rate.

4. "Highway project advance revenues" means any revenues a city or town receives under a highway project advance agreement, or as proceeds of highway project advancement notes, together with any earnings from the investment of the revenues.

5. "Highway project advancement notes" means notes authorized by this article.