2010 Arizona Revised Statutes
Title 41 - State Government
41-4501 Definitions

41-4501. Definitions

In this chapter, 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-Mexico border area" means the geographic area in this state that is within sixty-two miles of the Arizona-Mexico border line and in Mexico within six miles 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 chapter.

7. "Border regional port authority" means a nonprofit entity that is organized in this state pursuant to title 10, that is based in a county within sixty-two miles of the Arizona-Mexico border line and that promotes trade and commerce within the Arizona-Mexico border area by:

(a) Improving the efficiency and productivity of existing international ports of entry at the border, including the construction, operation and maintenance of these facilities or other supporting facilities.

(b) Promoting projects that will enhance the transportation flow through the ports of entry and throughout the Arizona-Mexico border area.

(c) Promoting a membership that reflects a broad cross section of local government, industry and commerce and the community in general.

8. "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 chapter for a reasonable time before and during construction and after completion of construction of any project.

9. "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 border regional port authority, any foreign country or any state, agency, department or other political subdivision of any foreign country, including Mexico and any state, agency, department or other political subdivision of Mexico, or any public or private corporation, company, partnership, joint venture, foundation, trust, estate, individual or other legal business organization.

10. "Federal agency" means any agency or department of the United States, including the United States department of commerce, the United States department of transportation and the United States department of homeland security.

11. "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-Mexico border area for the transmission or transportation of electricity, including electricity generated by renewable resources such as solar, wind or geothermal, liquefied natural gas, natural gas and oil and its derivatives across the United States-Mexico border.

12. "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.

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