Arizona Statutes
§ 48-691 — Separate fund to pay interest and principal upon maturing installment
Arizona·Title 48 Arizona Revised Statutes·Ch. 4 MUNICIPAL IMPROVEMENT DISTRICTS·Art. 5 Street and Highway Improvement Bonds
After any indebtedness is incurred under the provisions of this article, the treasurer of the city or town, during each year such indebtedness continues, shall set aside in a separate fund from the revenues received during such year from highway user taxes, including motor vehicle fuel taxes, and all other taxes, fees, charges or other monies returned to the city or town pursuant to title 28, chapter 18, article 2 and section 42-6107, an amount sufficient to pay the interest and principal upon the installment on such indebtedness next maturing.
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Nearby Sections
15
§ 48-1002
Complete procedure§ 48-1004
Limitation§ 48-101
State certification board§ 48-1011
Definitions§ 48-1013
Compensation; expenses§ 48-1017
Reimbursement for county services