Arizona § 5-1465 Bond proceeds account

Arizona Statutes

§ 5-1465 — Bond proceeds account

Arizona·Title 5 Arizona Revised Statutes·Ch. 12 SOUTHERN ARIZONA SPORTS, TOURISM AND FILM AUTHORITY·Art. 3 Revenue Bonds

A.If the authority issues bonds under this article, the board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds.

B.The board may use monies in the bond proceeds account only for authority purposes in the manner prescribed by this chapter.

C.The authority's fiscal agent shall administer and account for the bond proceeds account.

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A. If the authority issues bonds under this article, the board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds.

B. The board may use monies in the bond proceeds account only for authority purposes in the manner prescribed by this chapter.

C. The authority's fiscal agent shall administer and account for the bond proceeds account.

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