35-1001. Definitions
In this chapter, unless the context otherwise requires:
1. "Governmental entity" means this state, any county, city, town, municipality or
other political subdivision of this state or any department, agency, board, commission,
authority, political subdivision, public corporation or other public entity of any of the
foregoing or controlled by any of the foregoing, provided that each of the foregoing must
comprise a geographical area with a population of at least three hundred thousand persons
according to the most recent United States decennial census or special census.
2. "Obligations" means bonds, notes, bond anticipation notes, commercial paper or
other evidences of indebtedness or lease, installment purchase or other agreements or
purchasing programs or certificates of participation.
3. "Swap agreement" means an agreement, between a governmental entity and a
financial institution, including an insurance company, bank indemnity company or a
company related to a financial institution, pursuant to which payments are to be made by
the governmental entity to the financial institution and are also to be made by the
financial institution to the governmental entity, and which is entered into in order to
manage interest rate risk, investment risk, or commodity prices or is entered into in
connection with carrying or securing of obligations of a governmental entity.
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