All of the following definitions govern the construction and interpretation of this article: (a) (1) Except as provided in paragraphs (2) and (3), âauthorityâ means an entity created pursuant to Article 1 (commencing with Section 6500) and includes any successor to the powers and functions of that entity. (2) In the case of an authority issuing bonds pursuant to this chapter in which VLF receivables are pledged to the payment of the bonds, other than VLF receivables so pledged for a county of the first class, an authority shall consist of not fewer than 100 local agencies. (3) In the case of an authority issuing bonds pursuant to this chapter in which Proposition 1A receivables are pledged to the payment of the bonds, an authority shall consist of not fewer than 250 local agencies. (b) âBond purchase agreementâ means a contractual agreement executed between the authority and the local agency whereby the authority agrees to purchase bonds of the local agency. (c) âBondsâ means all of the following: (1) Bonds, including, but not limited to, assessment bonds, redevelopment agency bonds, government-issued mortgage bonds, and industrial development bonds. (2) Notes, including bond, revenue, tax, or grant anticipation notes. (3) Commercial paper, floating rate and variable maturity securities, and any other evidences of indebtedness. (4) Certificates of participation or lease-purchase agreements. (d) âConservation or reclamation purposesâ mean a utility project designed to reduce the amount of potable water to be supplied by a publicly owned utility, reduce the amount of water imported by the publicly owned utility, or facilitate the use of wastewater by a publicly owned utility for conservation purposes, including, without limitation, stormwater capture and treatment, water and wastewater recycling, development of local groundwater resources, groundwater recharging, and water reclamation. (e) âCost,â as applied to a public capital improvement, a utility project, or portion of the improvement or utility project financed under this part, means all of the following: (1) All or any part of the cost of construction, renovation, and acquisition of all lands, structures, real or personal property, rights, rights-of-way, franchises, easements, and interests, including the cost of related tangible and intangible property, acquired or used for a public capital improvement or a utility project. (2) The cost of demolishing or removing any buildings or structures on land so acquired, including the cost of acquiring any lands to which the buildings or structures may be moved, and the cost of all machinery and equipment. (3) Finance charges. (4) Interest prior to, during, and for a period after, completion of that construction, as determined by the authority. (5) Provisions for working capital, reserves for principal and interest and for extensions, enlargements, additions, replacements, renovations, and improvements. (6) The cost of architectural, engineering, financial and legal services, plans, specifications, estimates, and administrative expenses. (7) Other expenses necessary or incidental to determining the feasibility of constructing any project or incidental to the construction or acquisition or financing of any public capital improvement or utility project. (f) âCustomerâ means a person or entity receiving water or electricity or discharging wastewater through facilities of a publicly owned utility. (g) âFinancing costsâ mean any of the following: (1) Interest and redemption premiums that are payable on rate reduction bonds or water, wastewater, or electric revenue bonds or loans of a publicly owned utility that were issued to finance a utility project. (2) The cost of retiring the principal of rate reduction bonds or water, wastewater, or electric revenue bonds or loans of a publicly owned utility that were issued to finance a utility project, whether at maturity, including acceleration of maturity upon an ev
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