Arizona § 28-8534 Bonds; legal investments

Arizona Statutes

§ 28-8534 — Bonds; legal investments

Arizona § 28-8534

Title 28Arizona Revised Statutes

Ch. 25AVIATION

Art. 8Joint Powers Airport Authority

This text of Arizona § 28-8534 (Bonds; legal investments) 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. § 28-8534 (2026).

Text

Bonds and refunding bonds issued pursuant to this article are: 1. Securities in which all of the following may properly and legally invest:

(a)Public officers and bodies of this state and of political subdivisions of this state.

(b)Companies, associations and other persons carrying on an insurance business.

(c)Financial institutions, investment companies and other persons carrying on a banking business.

(d)Fiduciaries.

(e)Other persons who are authorized to invest in government obligations. 2. Securities that may be deposited with public officers or bodies of this state and political subdivisions of this state for purposes that require the deposit of government bonds or obligations.

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Bonds and refunding bonds issued pursuant to this article are:

1. Securities in which all of the following may properly and legally invest:

(a) Public officers and bodies of this state and of political subdivisions of this state.

(b) Companies, associations and other persons carrying on an insurance business.

(c) Financial institutions, investment companies and other persons carrying on a banking business.

(d) Fiduciaries.

(e) Other persons who are authorized to invest in government obligations.

2. Securities that may be deposited with public officers or bodies of this state and political subdivisions of this state for purposes that require the deposit of government bonds or obligations.