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2017 Arizona Revised Statutes
Title 48 - Special Taxing Districts
§ 48-5562 Disposition and use of rental receipts from facilities and equipment
Universal Citation: AZ Rev Stat § 48-5562 (2017)
48-5562. Disposition and use of rental receipts from facilities and equipment
Rental revenues, if any, received from the lease of a hospital, freestanding urgent care center, medical clinic or nursing care institution and their equipment shall be applied first against expenses of the district, other than for principal and interest on bonds of the district, and secondly to the payment of principal and interest on issued and outstanding bonds.
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