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Arizona Arizona Revised Statutes

§ 5-1165 — Bond proceeds account

ARS § 5-1165Title 5. Amusements and Sports · Ch. 9. SPORTS AUTHORITY DISTRICT · Art. 3. Revenue Bonds

Statute text

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5-1165. Bond proceeds account (Conditionally Rpld.) A. If the authority issues bonds under this article, the authority board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds. B. The authority board may use monies in the bond proceeds account only for sports authority purposes in the manner prescribed by this chapter. C. The authority's fiscal agent shall administer and account for the bond proceeds account.

Source: Arizona Arizona Revised Statutes § 5-1165 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.