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Arizona Arizona Revised Statutes

§ 5-1170 — Payment of bonds

ARS § 5-1170Title 5. Amusements and Sports · Ch. 9. SPORTS AUTHORITY DISTRICT · Art. 3. Revenue Bonds

Statute text

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5-1170. Payment of bonds (Conditionally Rpld.) A. The bonds shall be paid solely from monies in the debt service account. B. The members of the authority board and any persons who execute the bonds are not personally liable for the payment of the bonds. C. The authority's fiscal agent shall cancel all bonds when paid.

Source: Arizona Arizona Revised Statutes § 5-1170 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.