2005 Arizona Revised Statutes - Revised Statutes §41-1553  Definitions

In this article, unless the context otherwise requires:

1. "Acquire" means purchase, lease as lessee, obtain an interest as lender or as mortgagee or beneficiary under a deed of trust, operate, erect, build, construct, reconstruct, remodel, repair, replace, alter, extend, better, equip, furnish, develop, improve or embellish any property, including site acquisition, preparation and development and all incidental activities.

2. "Agreement" means any agreement, contract, note, mortgage, deed of trust, lease, sublease or other such instrument entered into by the authority.

3. "Arizona-Sonora border area" means the geographic area one hundred kilometers north of the Arizona-Mexico border line and ten kilometers south of the Arizona-Mexico border line.

4. "Authority" means the Arizona international development authority.

5. "Board" means the board of directors of the authority.

6. "Bonds" means any bonds issued pursuant to this article.

7. "Costs" includes all costs and expenses incurred in the issuance of bonds, including legal, accounting, consulting, printing, advertising and travel costs and expenses, and may also include interest on bonds issued pursuant to this article for a reasonable time before and during construction and after completion of construction of any project.

8. "Entity" means the United States or any agency or department of the United States, any state or any agency, department or political subdivision of this state or any other state of the United States, any Indian tribe, any foreign country or any state, agency, department or other political subdivision of any foreign country, including the Republic of Mexico and any state, agency, department or other political subdivision of the Republic of Mexico or any public or private corporation, company, partnership, joint venture, foundation, trust, estate, individual or other legal business organization.

9. "Federal agency" means any agency or department of the United States, including the United States department of commerce, the United States department of transportation, the United States department of the treasury and the United States environmental protection agency.

10. "Project" means any property and related facilities, whether or not now in existence, acquired to facilitate international trade or commerce between this state and other countries, including property suitable for any of the following purposes:

(a) International ports of entry.

(b) International border crossing facilities.

(c) Transportation and shipping facilities, including railroad, dock, airport, highway and roadway facilities, other than a highway or roadway under the jurisdiction of the department of transportation, and including public transportation, surface mass transit and intermodal surface transportation facilities.

(d) Any facilities located or to be located in the Arizona-Sonora border area for environmental health projects or for the treatment or distribution of water, the collection, treatment or disposition of wastewater, sewage or solid waste, the treatment, abatement, storage, disposition or transportation of pollutants or contaminants or the prevention or abatement of air pollution.

11. "Property" means land, improvements to land, buildings, improvements to buildings, machinery and equipment of any kind, operating capital and any other real or personal property necessary for a project.

12. "Trustee" means any financial institution or trust company actually doing business in this state.