Arizona § 45-1976 Payment of interest coupons; investment of bond fund monies

Arizona Statutes

§ 45-1976 — Payment of interest coupons; investment of bond fund monies

Arizona § 45-1976

Title 45Arizona Revised Statutes

Ch. 11COUNTY WATER AUGMENTATION AUTHORITY

Art. 4Financial Provisions

This text of Arizona § 45-1976 (Payment of interest coupons; investment of bond fund monies) 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. § 45-1976 (2026).

Text

The secretary-treasurer of the authority shall:

1.Pay matured interest coupons from bonds of the authority from the bond fund.

2.Invest monies in the bond fund, under direction of the board, in bonds of the United States or this state that shall be kept in the bond fund and that may be used to redeem bonds of the authority, on the request of the holders, either by exchanging them for bonds of the authority or by converting them into cash.

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The secretary-treasurer of the authority shall:

1. Pay matured interest coupons from bonds of the authority from the bond fund.

2. Invest monies in the bond fund, under direction of the board, in bonds of the United States or this state that shall be kept in the bond fund and that may be used to redeem bonds of the authority, on the request of the holders, either by exchanging them for bonds of the authority or by converting them into cash.