5-838. Youth and amateur sports facilities account; reserve
99 words·~1 min read·
/az/title-5/5-838A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The authority shall maintain a youth and amateur sports facilities account consisting of monies transmitted to the account pursuant to section 5-835.
B. The authority shall establish a youth and amateur sports facilities reserve within the account consisting of monies transmitted to the reserve pursuant to section 5-835, subsection B, paragraph 6. The authority shall transfer from the reserve to the account an amount equal to any deficiency in the monthly amount distributed to the account pursuant to section 5-835, subsection B, paragraph 3.
C. The authority shall use monies in the account for purposes of section 5-809.