Arizona Statutes

§ 5-1470 — Payment of bonds

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

A.The bonds shall be paid solely from monies in the debt service account.

B.The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds.

C.The authority's fiscal agent shall cancel all bonds when paid.

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