Arizona § 32-1152.01 Alternatives to cash deposit

Arizona Statutes

§ 32-1152.01 — Alternatives to cash deposit

Arizona § 32-1152.01

Title 32Arizona Revised Statutes

Ch. 10CONTRACTORS

Art. 3Regulation

This text of Arizona § 32-1152.01 (Alternatives to cash deposit) 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. § 32-1152.01 (2026).

Text

A.As an alternative to the cash deposit provided for in section 32-1152, subsection B, a contractor may substitute any of the following:

1.Certificates of deposit assigned to the registrar, issued by banks doing business in this state and insured by the federal deposit insurance corporation.

2.Investment certificates or share accounts assigned to the registrar and issued by a savings and loan association doing business in this state and insured by the federal deposit insurance corporation.

B.The terms and conditions surrounding each of such types of security may be prescribed by the registrar.

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A. As an alternative to the cash deposit provided for in section 32-1152, subsection B, a contractor may substitute any of the following:

1. Certificates of deposit assigned to the registrar, issued by banks doing business in this state and insured by the federal deposit insurance corporation.

2. Investment certificates or share accounts assigned to the registrar and issued by a savings and loan association doing business in this state and insured by the federal deposit insurance corporation.

B. The terms and conditions surrounding each of such types of security may be prescribed by the registrar.