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Arizona Arizona Revised Statutes

§ 5-1466 — Debt service account

ARS § 5-1466Title 5. Amusements and Sports · Ch. 12. SOUTHERN ARIZONA SPORTS, TOURISM AND FILM AUTHORITY · Art. 3. Revenue Bonds

Statute text

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5-1466. Debt service account A. If the authority issues bonds under this article, the board shall establish a debt service account within the general fund consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related expenses associated with redeeming the bonds. B. Monies in the debt service account may be used only for the purposes authorized by this article. C. The authority's fiscal agent shall administer and account for the debt service account.

Source: Arizona Arizona Revised Statutes § 5-1466 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.