2005 Arizona Revised Statutes - Revised Statutes §45-1976 Payment of interest coupons; investment of bond fund monies
The secretary-treasurer of the authority shall:
1. Pay matured interest coupons from bonds of the authority from the bond fund.
2. Invest monies in the bond fund, under direction of the board, in bonds of the United States or this state that shall be kept in the bond fund and that may be used to redeem bonds of the authority, on the request of the holders, either by exchanging them for bonds of the authority or by converting them into cash.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
