Arizona § 35-426 Application of proceeds to redemption of indebtedness; notice to redeem

Arizona Statutes

§ 35-426 — Application of proceeds to redemption of indebtedness; notice to redeem

Arizona § 35-426

Title 35Arizona Revised Statutes

Ch. 3PUBLIC INDEBTEDNESS

Art. 2State Indebtedness Bonds

This text of Arizona § 35-426 (Application of proceeds to redemption of indebtedness; notice to redeem) 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. § 35-426 (2026).

Text

A.The state treasurer shall apply monies received to redeem the indebtedness of the bonds issued and shall give notice in the same manner as for paying and redeeming state warrants, checks and substitute checks, and electronic funds transfer vouchers. After the state treasurer redeems such indebtedness, interest on all such indebtedness due and outstanding shall cease.

B.Before such indebtedness is paid, the director of the department of administration shall endorse on each certificate the amount due thereon, and write across the face of each the date of its surrender and the name of the person surrendering, and shall keep a record thereof.

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A. The state treasurer shall apply monies received to redeem the indebtedness of the bonds issued and shall give notice in the same manner as for paying and redeeming state warrants, checks and substitute checks, and electronic funds transfer vouchers. After the state treasurer redeems such indebtedness, interest on all such indebtedness due and outstanding shall cease.

B. Before such indebtedness is paid, the director of the department of administration shall endorse on each certificate the amount due thereon, and write across the face of each the date of its surrender and the name of the person surrendering, and shall keep a record thereof.