§ 7-6-1101

7-6-1101. Definitions. As used in this part, unless the context clearly requires otherwise, the following definitions apply: (1) 'Governing body' means the legislative authority of a local government, by whatever name designated. (2) 'Gross proceeds obligations' are tax anticipation notes or revenue anticipation notes that mature at a time not to exceed 5 years from the date issued and are secured by the collection of certain coal gross proceeds taxes, interest, and penalties pursuant to 15-23-708. (3) 'Local government' means any city, town, county, consolidated city-county, or school district. (4) 'Ordinance' means an ordinance or resolution of the local government. (5) 'Short-term obligations' are tax anticipation notes or revenue anticipation notes that mature at a time not to exceed 13 months from the date issued. History: En. Sec. 1, Ch. 481, L. 1985; amd. Sec. 3, Ch. 145, L. 2021.