Arizona § 28-7501 Definitions

Arizona Statutes

§ 28-7501 — Definitions

Arizona § 28-7501

Title 28Arizona Revised Statutes

Ch. 21STATE HIGHWAY FINANCING AND BONDING

Art. 1State Highway Fund Bonds

This text of Arizona § 28-7501 (Definitions) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 28-7501 (2026).

Text

In this article, unless the context otherwise requires: 1. "Any highway purpose" includes any one or more of the following purposes:

(a)Payment of highway obligations.

(b)The cost of and cost allocated to construction, reconstruction, maintenance and repair of public highways and bridges, county, city and town roads and streets.

(c)The acquisition of real property for future highway needs.

(d)The cost of constructing landscape buffers, noise barriers, pedestrian bypasses, multi-use paths and other environmental impact mitigation measures to mitigate the adverse impact of freeways on local neighborhoods. 2. "Bond related expenses" means:

(a)Printing, publication or advertising expenses with respect to the sale and issuance of bonds.

(b)Fees, expenses and costs of registrars.

Free access — add to your briefcase to read the full text and ask questions with AI

In this article, unless the context otherwise requires:

1. "Any highway purpose" includes any one or more of the following purposes:

(a) Payment of highway obligations.

(b) The cost of and cost allocated to construction, reconstruction, maintenance and repair of public highways and bridges, county, city and town roads and streets.

(c) The acquisition of real property for future highway needs.

(d) The cost of constructing landscape buffers, noise barriers, pedestrian bypasses, multi-use paths and other environmental impact mitigation measures to mitigate the adverse impact of freeways on local neighborhoods.

2. "Bond related expenses" means:

(a) Printing, publication or advertising expenses with respect to the sale and issuance of bonds.

(b) Fees, expenses and costs of registrars.

(c) Fees, expenses and costs of attorneys, accountants, feasibility consultants, computer programmers or other experts employed to aid in the sale and issuance of the bonds.

(d) Other costs, fees and expenses incurred or reasonably related to the issuance and sale of the bonds.

3. "Bond related obligation" means an agreement or contractual relationship between the board and a bank, trust company, insurance company, surety bonding company, pension fund or other financial institution providing increased credit on or security for the bonds or liquidity for secondary market transactions.

4. "Bonds" means bonds of the board issued pursuant to this article.