Arizona § 35-328 Investment of sinking funds

Arizona Statutes

§ 35-328 — Investment of sinking funds

Arizona·Title 35 Arizona Revised Statutes·Ch. 2 HANDLING OF PUBLIC FUNDS·Art. 2. Money Management

A.All sinking funds of this state, or a county, city, town or school district, or hospital, irrigation or drainage district organized as provided by law may be invested and reinvested by the governing body or officer in charge of the sinking funds. The investment shall be made for the best interests of the state or political subdivision described in this subsection.

B.In the absence of specific direction in the bond indenture, the funds may be invested or reinvested in any of the investment securities allowed for trust funds.

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

A. All sinking funds of this state, or a county, city, town or school district, or hospital, irrigation or drainage district organized as provided by law may be invested and reinvested by the governing body or officer in charge of the sinking funds. The investment shall be made for the best interests of the state or political subdivision described in this subsection.

B. In the absence of specific direction in the bond indenture, the funds may be invested or reinvested in any of the investment securities allowed for trust funds.

Arizona § 35-328 (Investment of sinking funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.