Arizona § 30-204 Audit of operation funds and collateral deposits

Arizona Statutes

§ 30-204 — Audit of operation funds and collateral deposits

Arizona § 30-204

Title 30Arizona Revised Statutes

Ch. 1ARIZONA POWER AUTHORITY

Art. 6Financial Provisions

This text of Arizona § 30-204 (Audit of operation funds and collateral deposits) 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. § 30-204 (2026).

Text

A.At the authority's request, a district and state agencies authorized to issue revenue bonds subject to approval of the state certification board shall cause an audit to be made of their respective operation funds. Districts, state agencies and municipalities pledging any assessments, funds or property presently owned or to be provided, accumulated or acquired shall similarly cause an audit to be made of their respective collateral deposits. The audits shall be made by a certified public accountant within sixty days after the close of the respective fiscal years of the districts, state agencies and municipalities, and each shall file a certified copy of the audits with the auditor general.

B.The auditor general, at the expense of the district, state agency or municipality concerned, ma

Free access — add to your briefcase to read the full text and ask questions with AI

A. At the authority's request, a district and state agencies authorized to issue revenue bonds subject to approval of the state certification board shall cause an audit to be made of their respective operation funds. Districts, state agencies and municipalities pledging any assessments, funds or property presently owned or to be provided, accumulated or acquired shall similarly cause an audit to be made of their respective collateral deposits. The audits shall be made by a certified public accountant within sixty days after the close of the respective fiscal years of the districts, state agencies and municipalities, and each shall file a certified copy of the audits with the auditor general.

B. The auditor general, at the expense of the district, state agency or municipality concerned, may make further audits and examinations as the auditor general deems necessary and take appropriate action in relation to the audits as provided by title 41, chapter 7, article 10.1. Unless the auditor general takes official action within thirty days after filing the audit, the audit shall be deemed sufficient.

C. The audits shall be in lieu of all other official audits of all operation funds or collateral deposits of the districts, state agencies and municipalities, except as ordered by a court of competent jurisdiction.