Arizona § 48-1069 Unlawful interest in real property by board member or employee; violation; classification

Arizona Statutes

§ 48-1069 — Unlawful interest in real property by board member or employee; violation; classification

Arizona·Title 48 Arizona Revised Statutes·Ch. 6 COUNTY IMPROVEMENT DISTRICTS·Art. 6 Revenue Bond Financing

A.A member of the board of directors or an employee of the district shall not have any direct or indirect financial interest in any real property purchased with monies derived from the issuance of bonds by the district.

B.A person who violates this section is guilty of a class 2 misdemeanor.

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