There Is a Newer Version
of
the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 5 Amusements and Sports
5-537 Bond purchase; cancellation
Universal Citation:
AZ Rev Stat § 5-537 (through 2nd Reg Sess. 50th Leg. 2012)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
5-537. Bond purchase; cancellation
The director may purchase bonds for cancellation out of any monies available for the purchase, at a price of not more than either of the following:
1. If the bonds are redeemable at the time of the purchase, the applicable redemption price plus accrued interest to the next interest payment date on the bonds.
2. If the bonds are not redeemable at the time of the purchase, the applicable redemption price on the first date after the purchase on which the bonds become subject to redemption plus accrued interest to that date.
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