Arizona § 5-864 Bond proceeds subaccount

Arizona Statutes

§ 5-864 — Bond proceeds subaccount

Arizona § 5-864

Title 5Arizona Revised Statutes

Ch. 8TOURISM AND SPORTS AUTHORITY

Art. 3Revenue Bonds

This text of Arizona § 5-864 (Bond proceeds subaccount) 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. § 5-864 (2026).

Text

A.If the authority issues bonds under this article, the board shall establish a bond proceeds subaccount within the construction account established by section 5-833 consisting of monies received from the sale of the bonds.

B.The authority may use monies in the bond proceeds subaccount only for multipurpose facility purposes in the manner prescribed by this chapter.

C.The treasurer or fiscal agent of the authority shall administer and account for the bond proceeds subaccount.

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A. If the authority issues bonds under this article, the board shall establish a bond proceeds subaccount within the construction account established by section 5-833 consisting of monies received from the sale of the bonds.

B. The authority may use monies in the bond proceeds subaccount only for multipurpose facility purposes in the manner prescribed by this chapter.

C. The treasurer or fiscal agent of the authority shall administer and account for the bond proceeds subaccount.