There is a newer version
of
this Section
2017 Arizona Revised Statutes
Title 15 - Education
§ 15-2053 School facilities revenue bond proceeds fund; use for new school facilities
Universal Citation: AZ Rev Stat § 15-2053 (2017)
15-2053. School facilities revenue bond proceeds fund; use for new school facilities
A. If the school facilities board issues revenue bonds under this article, the board shall establish a school facilities revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds.
B. The school facilities board may use monies in the school facilities revenue bond proceeds fund only for the purposes provided in section 15-2051, subsection A. Monies in the revenue bond proceeds fund are exempt from lapsing under section 35-190.
C. The state treasurer or bond trustee shall administer and account for the school facilities revenue bond proceeds fund.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
