Arizona § 48-6280 Use of surplus monies

Arizona Statutes

§ 48-6280 — Use of surplus monies

Arizona § 48-6280

Title 48Arizona Revised Statutes

Ch. 36THEME PARK DISTRICTS

Art. 4Revenue Bonds

This text of Arizona § 48-6280 (Use of surplus 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. § 48-6280 (2026).

Text

(Conditionally Rpld.)

A.If a balance remains in the bond proceeds account after all acquisition, construction and related costs have been paid:

1.The board shall credit the balance to repay any other outstanding indebtedness of the district.

2.If the district has no outstanding indebtedness, the board shall credit the remaining balance to the district's general fund.

B.If a balance remains in the debt service account after payment of all bonds, interest and other charges related to bonds issued under this article, the board shall credit the balance to the general fund.

Free access — add to your briefcase to read the full text and ask questions with AI

(Conditionally Rpld.)

A. If a balance remains in the bond proceeds account after all acquisition, construction and related costs have been paid:

1. The board shall credit the balance to repay any other outstanding indebtedness of the district.

2. If the district has no outstanding indebtedness, the board shall credit the remaining balance to the district's general fund.

B. If a balance remains in the debt service account after payment of all bonds, interest and other charges related to bonds issued under this article, the board shall credit the balance to the general fund.