48-1061

48-1061. Definitions

In this article, unless the context otherwise requires:

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

(a) The payment of district obligations.

(b) The cost of acquiring, constructing, reconstructing, equipping, maintaining and
repairing a waterworks or wastewater system as defined in section 48-901.

(d) The payment of bond related expenses.

2. "Bond related expenses" means any expenses incurred by the district to issue and
administer its bonds, including underwriting fees and costs, trustee fees, financial
consultant fees, printing and advertising costs, fiscal agent fees, paying agent fees,
registrar fees, transfer agent fees, legal, accounting, feasibility consultant and other
expert fees and expenses, cost of credit enhancement fees, attorney and accounting fees
and expenses related to credit enhancement, bond insurance or liquidity enhancement,
remarketing fees, rating agency fees and costs, travel and telephone expenses and all
other fees deemed necessary by the board of directors in order to market and administer
the bonds.

3. "Bonds" means bonds of the district issued pursuant to this article.

4. "District" means a county improvement district that operates or is formed for
the purpose of operating a domestic water delivery system or a wastewater system within
the district, whether or not the district is governed in the manner described in article
4 of this chapter.

5. "Real property for wastewater system needs" means those real properties and any
appurtenances to real properties that are designated or may be designated by the board of
directors as a location for or as appropriate to the construction of a wastewater system
project, including lands, easements, rights-of-way and other interests in lands, the use
or occupancy of which is necessary or appropriate to construct, reconstruct, repair,
maintain, extend, develop, improve, use or operate wastewater facilities and
improvements.

6. "Real property for waterworks needs" means those real properties, rights to
surface water or groundwater and any appurtenances to real properties that are designated
or may be designated by the board of directors as a location for or as appropriate to the
construction of a waterworks system project, including lands, easements, rights-of-way
and other interests in lands, the use or occupancy of which is necessary or appropriate
to construct, reconstruct, repair, maintain, extend, develop, improve, use or operate
waterworks facilities and improvements.

7. "Revenues" includes any charge, income or receipt by the district of money or
any other thing of value except that revenues shall not include monies paid to or for the
account of the district for the levy of any tax or assessment or the sale of any property
by the district to satisfy or pay any delinquent tax or assessment.