Arizona § 41-5355 Assets; cost of operation and administration; taxation

Arizona Statutes

§ 41-5355 — Assets; cost of operation and administration; taxation

Arizona § 41-5355

Title 41Arizona Revised Statutes

Ch. 53OFFICE OF ECONOMIC OPPORTUNITY

Art. 2Arizona Finance Authority

This text of Arizona § 41-5355 (Assets; cost of operation and administration; taxation) 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. § 41-5355 (2026).

Text

A.Any monies, pledges or property issued or given to the Arizona finance authority, whether by appropriation, loan, gift or otherwise, constitute the assets of the Arizona finance authority.

B.This state is not responsible for any obligation incurred by the authority.

C.All costs and expenses of the Arizona finance authority shall be paid from bond proceeds of bonds issued by any industrial development authority established by the Arizona finance authority or other monies of the Arizona finance authority, and to the extent not prohibited by state or federal law or by contract, the monies of the greater Arizona development authority that are available to pay the Arizona finance authority's costs and expenses.

D.The authority and its income are exempt from taxation in this state.

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A. Any monies, pledges or property issued or given to the Arizona finance authority, whether by appropriation, loan, gift or otherwise, constitute the assets of the Arizona finance authority.

B. This state is not responsible for any obligation incurred by the authority.

C. All costs and expenses of the Arizona finance authority shall be paid from bond proceeds of bonds issued by any industrial development authority established by the Arizona finance authority or other monies of the Arizona finance authority, and to the extent not prohibited by state or federal law or by contract, the monies of the greater Arizona development authority that are available to pay the Arizona finance authority's costs and expenses.

D. The authority and its income are exempt from taxation in this state.