Arizona § 41-5753 School facilities revenue bond proceeds fund; use for new school facilities

Arizona Statutes

§ 41-5753 — School facilities revenue bond proceeds fund; use for new school facilities

Arizona § 41-5753

Title 41Arizona Revised Statutes

Ch. 56SCHOOL CAPITAL FINANCE

Art. 6State School Facilities Revenue Bonds

This text of Arizona § 41-5753 (School facilities revenue bond proceeds fund; use for new school facilities) 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. § 41-5753 (2026).

Text

A.If the board issues revenue bonds under this article, the board shall establish a school facilities revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds.

B.The board may use monies in the school facilities revenue bond proceeds fund only for the purposes provided in section 41-5751, subsection A. Monies in the revenue bond proceeds fund are exempt from lapsing under section 35-190.

C.The state treasurer or bond trustee shall administer and account for the school facilities revenue bond proceeds fund.

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A. If the board issues revenue bonds under this article, the board shall establish a school facilities revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds.

B. The board may use monies in the school facilities revenue bond proceeds fund only for the purposes provided in section 41-5751, subsection A. Monies in the revenue bond proceeds fund are exempt from lapsing under section 35-190.

C. The state treasurer or bond trustee shall administer and account for the school facilities revenue bond proceeds fund.