Ariz. Admin. Code § 2-2-101

Current through Register Vol. 31, No. 2, January 10, 2025
Section R2-2-101 - Definitions

In this Article, unless the context otherwise requires:

"Arizona Arts Endowment Fund" means the fund established in A.R.S. § 41-986.

"Arts Organization" means an organization that has applied for and received non-profit status under 501(c)(3) of the U.S. internal revenue code and whose primary mission is to produce, present, or serve the arts.

"Commission" means the Arizona Commission on the Arts.

"Donor-advised Fund" means monies donated to a community foundation, over which the donor or others designated by the donor retain the right to advise on grants from the fund.

"Field-of-interest for the arts Fund" means monies donated to a community foundation, that the donor restricts to grants in a specific charitable field.

"Non-designated Funds" means monies donated or appropriated to the Arizona Arts Endowment Fund, or to an endowment fund for which income generated is to be administered by the Commission for arts programs in Arizona.

"Other Government Endowment for the Arts" means an endowment of a community college, university, city or county local arts agency.

"Private Monies" means revenue from sources other than state tax funds such as cash or securities, irrevocable deferred gifts, lead trusts, real estate, or other items that are convertible to cash. The cash value of an irrevocable deferred gift is its present value.

"Programs" means arts activities or presentations that are promoted to the public.

Ariz. Admin. Code § R2-2-101

Adopted effective September 21, 1998 (Supp. 98-3). Amended by final rulemaking at 8 A.A.R. 3291, effective July 15, 2002 (Supp. 02-3).