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Code · Arizona · Title 49 — The Environment

49-1272. Water supply development revolving fund; administration

63 words·~1 min read·/az/title-49/49-1272

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

A. The board shall administer the water supply development revolving fund.
B. On notice from the board, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.
C. Monies and other assets in the fund shall be used solely for the purposes authorized by this article.
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