1. “County” means any county with a population of less than seventy-five thousand (75,000) persons, according to the most recent federal decennial census;

2. “Developer” means the person, firm or corporation responsible under an agreement with the governing body of a municipality or county to develop housing or related public facilities in a district;

3. “District” means a rural housing incentive district established in accordance with the Oklahoma Rural Housing Incentive District Act;

4. “Executive Director” means the Executive Director of the Oklahoma Housing Finance Agency;

5. “Governing body” means the board of county commissioners of any county or the governing body of a municipality;

6. “Municipality” means any incorporated city or town with a population of less than forty thousand (40,000) persons in a county with a population of less than seventy-five thousand (75,000) persons, according to the most recent federal decennial census;

7. “Real property taxes” means and includes all taxes levied on an ad valorem basis upon land and improvements thereon; and

8. “Taxing subdivision” means the county, the municipality, the school district, and any other taxing subdivision levying real property taxes, the territory or jurisdiction of which includes any currently existing or subsequently created rural housing incentive district.