Arizona § 35-466.06 Use of proceeds

Arizona Statutes

§ 35-466.06 — Use of proceeds

Arizona § 35-466.06

Title 35Arizona Revised Statutes

Ch. 3PUBLIC INDEBTEDNESS

Art. 3.Grant Anticipation Notes

This text of Arizona § 35-466.06 (Use of proceeds) 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. § 35-466.06 (2026).

Text

The proceeds from the sale of the notes shall be paid into the treasury of the issuer and used by the issuer to defray the costs and expenses of the construction or acquisition of the project for which the grant or grants are being made, the legal and financial costs and expenses of issuing and administering the notes and, if desired by the governing body of the issuer, interest to accrue on the notes during their life.

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The proceeds from the sale of the notes shall be paid into the treasury of the issuer and used by the issuer to defray the costs and expenses of the construction or acquisition of the project for which the grant or grants are being made, the legal and financial costs and expenses of issuing and administering the notes and, if desired by the governing body of the issuer, interest to accrue on the notes during their life.