35-467. Definitions


In this article, unless the context otherwise requires:


1. "City" means a city or town incorporated under the laws of this state.


2. "Fiscal year" means the period commencing on July 1 of any year and terminating
on June 30 of the next succeeding year.


3. "Governing body" means the body constituted by law to be the legislative
department of the taxing district.


4. "Municipal corporation" means a sanitary district, electrical district,
irrigation district or hospital district or any other similar municipal corporation which
is required by law to adopt a budget.


5. "Revenue" means any monies derived other than from grants, ad valorem taxes,
sales taxes or transaction privilege taxes or from this state. Revenue does not include
monies received by a municipal corporation which are restricted in their use or
application by law.


6. "Taxing district" means a city, county, school district or municipal corporation
having the power to levy ad valorem taxes.