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

Arizona Statutes

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

Arizona § 11-380

Title 11Arizona Revised Statutes

Ch. 2BOARD OF SUPERVISORS

Art. 12Street and Highway Improvement Bonds

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Bluebook

Ariz. Rev. Stat. Ann. § 11-380 (2026).

Text

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.

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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.