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Code · Arizona · Title 5 — Amusements and Sports

5-1465. Bond proceeds account

67 words·~1 min read·/az/title-5/5-1465

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A. If the authority issues bonds under this article, the board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds.
B. The board may use monies in the bond proceeds account only for authority purposes in the manner prescribed by this chapter.
C. The authority's fiscal agent shall administer and account for the bond proceeds account.
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