As used in this part 9, unless the context otherwise requires:
(1) "Local government-financed entity" means any organization, group, or entity other than a political subdivision that:
Is composed of members that are political subdivisions or who are officials or employees of political subdivisions; and
Derives any of its annual operating budget from dues, contributions, or other payments received from political subdivisions.
(2) "Political subdivision" means a county, city and county, city, town, service authority, school district, local improvement district, law enforcement authority, water, sanitation, fire protection, metropolitan, irrigation, drainage, or other special district, or any other kind of municipal, quasi-municipal, or public corporation organized pursuant to law.
Source: L. 96: Entire part added, p. 140, § 1, effective April 8.