Arizona Statutes
§ 41-5809 — Investment of monies in impact aid revenue bond debt service fund
Arizona·Title 41 Arizona Revised Statutes·Ch. 56 SCHOOL CAPITAL FINANCE·Art. 8 Impact Aid Revenue Bonds
A.The governing board may authorize the investment and reinvestment of any monies in the school district's impact aid revenue bond debt service fund.
B.All monies earned as interest or otherwise derived from the investment of the monies in the impact aid revenue bond debt service fund shall be credited to that fund.
C.The impact aid revenue bond debt service fund is a continuing fund and is not subject to reversion.
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Nearby Sections
15
§ 41-1001
Definitions§ 41-1001.01
Regulatory bill of rights; small businesses§ 41-1003
Required rule making§ 41-1004
Waiver§ 41-1005
Exemptions§ 41-1007
Award of costs and fees against a department in administrative hearings; exceptions; definitions§ 41-1008
Fees; specific statutory authority§ 41-101.01
Authority to accept and expend certain funds§ 41-101.02
Authority to enter reciprocal aid agreements