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2011 Arizona Revised Statutes
Title 48 Special Taxing Districts
48-1069 Unlawful interest in real property by board member or employee; violation; classification


AZ Rev Stat § 48-1069 (1996 through 1st Reg Sess 50th Legis) What's This?

48-1069. Unlawful interest in real property by board member or employee; violation; classification

A. A member of the board of directors or an employee of the district shall not have any direct or indirect financial interest in any real property purchased with monies derived from the issuance of bonds by the district.

B. A person who violates this section is guilty of a class 2 misdemeanor.

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