Arizona § 48-5561 Deposit of district monies

Arizona Statutes

§ 48-5561 — Deposit of district monies

Arizona § 48-5561

Title 48Arizona Revised Statutes

Ch. 31SPECIAL HEALTH CARE DISTRICT

Art. 3Financial Provisions

This text of Arizona § 48-5561 (Deposit of district 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. § 48-5561 (2026).

Text

A.All special health care district monies from any source shall be deposited with the county treasurer to the credit of the district and shall be paid out only on warrants approved by the district's board of directors. All district monies may be included in the county treasurer's investment pool.

B.All private investment of the district's monies is prohibited. Warrants may be issued only to pay for necessary operational expenses, including, but not limited to, lawful claims against the district, district employee payroll and contractual obligations of the district. Warrants may not be issued for investment purposes.

C.For banking purposes, the district shall use the same bank as the bank used by the county and county treasurer as their servicing bank. The district may not establis

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A. All special health care district monies from any source shall be deposited with the county treasurer to the credit of the district and shall be paid out only on warrants approved by the district's board of directors. All district monies may be included in the county treasurer's investment pool.

B. All private investment of the district's monies is prohibited. Warrants may be issued only to pay for necessary operational expenses, including, but not limited to, lawful claims against the district, district employee payroll and contractual obligations of the district. Warrants may not be issued for investment purposes.

C. For banking purposes, the district shall use the same bank as the bank used by the county and county treasurer as their servicing bank. The district may not establish or maintain an account with any other bank.