35-466.03. Limitations on issuance of notes
40 words·~1 min read·
/az/title-35/35-466-03A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The amount of such notes secured by grant revenues issued by the issuer shall not exceed the aggregate of all uncollected grant revenues to be received by the governing body under the terms of the applicable grant agreement or agreements.