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ARTICLE I <br />DEFINITIONS <br />Section 1.01. Definitions. Unless the context otherwise requires, the words and terms <br />defined in this Article shall, for the purpose hereof, have the meanings herein specified. <br />"Act" means Articles 1 through 4 (commencing with section 6500) of Chapter 5, Division <br />7, Title 1 of the Califorrda Government Code. <br />"Agreement" means this Agreement. <br />"Auditor and Treasurer" means the Auditor and Treasurer of the Authority appointed <br />pursuant to Section 3.02. <br />"Authority" means the Countywide Public Financing Authority established pursuant to <br />this Agreement. <br />"Bond Lazy" means the Marks -Roos Local Bond Pooling Act of 1985, being Article 4 of <br />the Act (commencing with section 6584), as now in effect or hereafter amended, Article 2 of the <br />Act as now in effect or hereafter amended, or any other law available for use by the Authority <br />in the authorization and issuance of bonds to provide for the financing of Obligations and/or <br />Public Capital Improvements. <br />"Bond Purchase Agreement" means an agreement between the Authority and a Member, <br />pursuant to which the Authority agrees to purchase Obligations from a Member. <br />"Board" means the Board of Directors referred to in Section 2.04, which shall be the <br />governing body of the Authority. <br />"Bonds" means bonds of the Authority issued pursuant to the Bond Law. <br />"Directors" means the representatives of the Members appointed to the Board pursuant <br />to Section 2.03. <br />"Fiscal Year" means the period from July 1st to and including the following June 30th. <br />"Members" means the Cities of Brea, Buena Park, Fullerton, Garden Grove, Orange, <br />Santa Ana, Seal Beach, Stanton and Tustin. <br />"Obligations" has the meaning given to the term "Bonds" in section 6585(c) of the Bond <br />Law. <br />"Public Agency" means any public agency authorized by the Act to enter into a joint <br />exercise of powers agreement with the Members. <br />"Public Capital Improvement" has the meaning given to such term in section 6585(g) of the <br />Act, as in effect on the date hereof, and as hereafter amended. <br />"Secretary" means the Secretary of the Authority appointed pursuant to Section 3.01. <br />-2- <br />