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Arizona Arizona Revised Statutes

§ 11-380 — Separate fund to pay interest and principal on maturing installment

ARS § 11-380Title 11. Counties · Ch. 2. BOARD OF SUPERVISORS · Art. 12. Street and Highway Improvement Bonds

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11-380. Separate fund to pay interest and principal on maturing installment After any indebtedness is incurred under the provisions of this article, the treasurer of the county, during each year such indebtedness continues, shall set aside in a separate fund from the revenues received during such year from highway user taxes, including motor vehicle fuel taxes, and all other taxes, fees, charges or other monies returned to the county pursuant to title 28, chapter 18, article 2 and section 42-6107, an amount sufficient to pay the interest and principal upon the installment on such indebtedness next maturing.

Source: Arizona Arizona Revised Statutes § 11-380 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.