Section 7-6-1101 - DefinitionsAs 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.Amended by Laws 2021, Ch. 145,Sec. 3, eff. 4/8/2021, applicable: (1) retroactively, within the meaning of 1-2-109, to installment payments of delinquent coal gross proceeds taxes, interest, and penalties that were due on or before 4/8/2021; and (2) to installment payments of delinquent coal gross proceeds taxes, interest, and penalties due after 4/8/2021.En. Sec. 1, Ch. 481, L. 1985.