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Code · Arizona · Title 48 — Special Taxing Districts

48-5562. Disposition and use of rental receipts from facilities and equipment

58 words·~1 min read·/az/title-48/48-5562

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Rental revenues, if any, received from the lease of a hospital, freestanding urgent care center, medical clinic or nursing care institution and their equipment shall be applied first against expenses of the district, other than for principal and interest on bonds of the district, and secondly to the payment of principal and interest on issued and outstanding bonds.
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