With respect to agricultural commodity policies, acreage limitation generally refers to production controls on the amount of land that can be planted with a particular crop. This often refers to planting restrictions under an acreage reduction program, set-aside, or paid land diversion.
Administered by the Arizona Department of Water Resources (ADWR), the state's Active Management Areas (AMA's) were established to provide long-term management and conservation of limited groundwater supplies. The five (5) AMA's - Prescott, Phoenix, Pinal, Tucson, and Santa Cruz - cover the majority of Arizona's agricultural land and urban population centers that exist where groundwater supplies are extremely limited. Rules governing water use and land development in AMA's are generally more stringent and focused on conservation of water resources in than elsewhere in the state. Applications for new development and subdivisions are managed by ADWR's Office of Assured and Adequate Water Supply under the Assured Water Supply Program.
This program operates outside Active Management Areas (AMA's) in the state of Arizona to address water availability in new subdivisions. Developers or subdividers are required to request a water supply assessment for the next 100 years from the Arizona Department of Water Resources (ADWR). If the 100-year water supply is deemed inadequate, lots may be sold only if the developer clearly discloses this fact to potential buyers.
The institutional investor’s prior agreement to provide long-term financing upon the completion of a construction project. Also known as a standby commitment, this ensures a fixed price that already has been agreed upon.
1.Zoning ordinances that specify certain types of architecture to encourage pleasing or beautiful building appearances.
2.Zoning ordinances that regulate uniformity of architecture, so that new construction is similar to and in scale with existing structures.
A calculation used to determine an individual's likelihood of being able to meet the obligations of a mortgage for a particular property. Takes into account the down payment, closing costs and on-going mortgage payments.
A relationship created when one person, the principal delegates to another, the agent the right to act on the principal's behalf in business transactions and to exercise some degree of discretion while so acting. An agency gives rise to a fiduciary relationship and imposes on the agent, as the fiduciary of the principal, certain duties, obligations and high standards of good faith and loyalty.
Definition: One who is authorized to represent and to act on behalf of another person (called the principal). A real estate broker is the agent of his client, be it the seller or buyer, to whom he owes a fiduciary obligation. A real estate salesperson is the agent of his broker and does not have a direct personal contractual relationship with either the seller or buyer.
Terms, Definitions, and Concepts: Auction, Finance and Investment, Legal (Law), Management, Real Estate