Arizona § 5-1466 Debt service account

Arizona Statutes

§ 5-1466 — Debt service 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 debt service account within the general fund consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related expenses associated with redeeming the bonds.

B.Monies in the debt service account may be used only for the purposes authorized by this article.

C.The authority's fiscal agent shall administer and account for the debt service account.

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A. If the authority issues bonds under this article, the board shall establish a debt service account within the general fund consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related expenses associated with redeeming the bonds.

B. Monies in the debt service account may be used only for the purposes authorized by this article.

C. The authority's fiscal agent shall administer and account for the debt service account.

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