Arizona § 17-285 Bonds as legal investments; state nonliability

Arizona Statutes

§ 17-285 — Bonds as legal investments; state nonliability

Arizona § 17-285

Title 17Arizona Revised Statutes

Ch. 2GAME AND FISH DEPARTMENT AND GAME AND FISH COMMISSION

Art. 5Conservation Development Fund

This text of Arizona § 17-285 (Bonds as legal investments; state nonliability) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 17-285 (2026).

Text

A.Bonds issued under this article are legal investments for all banks, trust companies and insurance companies organized and operating under the laws of this state.

B.The bonds and interest on the bonds shall be paid solely according to their terms and are not obligations general, special or otherwise of this state. The bonds do not constitute a legal debt of this state and are not enforceable against this state. The commission is not in any event liable for the payment of the principal of or interest on the bonds from any source of revenues other than those pledged for the payment of the bonds. The bonds shall not be construed to constitute an indebtedness of the commission within the meaning of any constitutional or statutory provision.

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A. Bonds issued under this article are legal investments for all banks, trust companies and insurance companies organized and operating under the laws of this state.

B. The bonds and interest on the bonds shall be paid solely according to their terms and are not obligations general, special or otherwise of this state. The bonds do not constitute a legal debt of this state and are not enforceable against this state. The commission is not in any event liable for the payment of the principal of or interest on the bonds from any source of revenues other than those pledged for the payment of the bonds. The bonds shall not be construed to constitute an indebtedness of the commission within the meaning of any constitutional or statutory provision.