There is a newer version of the Arizona Revised Statutes
2016 Arizona Revised Statutes
Title 35 - Public Finances
§ 35-467.06 Use of proceeds
AZ Rev Stat § 35-467.06 (2016) What's This?
35-467.06. Use of proceeds
The proceeds from the sale of revenue anticipation notes shall be paid into the treasury of the taxing district. The proceeds shall be used by the taxing district to defray the expenses of the district as set forth in the annual budget.
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