There Is a Newer Version of the Arizona Revised Statutes
  1. 2025 Arizona Rev. Stat.
  2. 2024 Arizona Rev. Stat.
  3. 2023 Arizona Rev. Stat.
  4. 2012 Arizona Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2012 Arizona Revised Statutes
Title 48 Special Taxing Districts
48-152 Disposition of proceeds

Universal Citation:
AZ Rev Stat § 48-152 (through 2nd Reg Sess. 50th Leg. 2012)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

48-152. Disposition of proceeds

All proceeds received from the sale of the bonds, all fees, rents, tolls or other charges received by the district from any undertaking financed by the bonds, and all monies received from any source in connection therewith shall be paid to the district treasurer, or such depository as may be designated by the board of directors. The district treasurer or depository shall not commingle any money received under the terms of this article with any other monies, but the monies received under this article shall be deposited in a separate fund with the district treasurer or depository in the name of the district. The board of directors may by resolution provide that all deposits of such proceeds, fees, rents, tolls or other charges, and the monies received under this article, shall be secured by obligations of the United States or of this state of a market value equal at all times to the amount of the deposits, and all banks and trust companies are authorized to give such security for the deposits.

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.