7-6-4002. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
     (1) "Governing body" means the elected body responsible for the administration of a local government.
     (2) "Local government" has the meaning provided in 7-6-602.
     (3) "Municipality" means an incorporated city or town.
     (4) "Working capital" means the current assets of a fund minus the current liabilities and designated reserves of a fund.

     History: En. Sec. 10, Ch. 278, L. 2001.