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Current as of January 01, 2025 | Updated by Findlaw Staff
A. The proceeds of any security imposed by the commissioner as a condition of sale pursuant to § 37-132, subsection A, paragraph 5 and the proceeds of a bond, collateral or security received pursuant to § 37-132, subsection B, paragraph 3 or § 37-335.06, subsection B shall be deposited in a separate account of the state land department fund that is designated as the performance and restoration account and that shall be used for the performance or restoration purposes for which the bond, collateral or security was acquired. The commissioner shall administer the account.
B. The commissioner may enter into an agreement with a private entity or an intergovernmental agreement pursuant to title 11, chapter 7, article 3 1 to coordinate the review and approval of plans for performance or restoration purposes and to perform the performance or restoration action, including:
1. Designating a lead agency for the performance or restoration action.
2. Issuing the lead agency or entity temporary rights of entry on, under and over state trust lands for the purpose of access for the performance or restoration action. The temporary rights of entry shall be issued pursuant to applicable law.
3. Authorizing the lead agency or entity to use the proceeds of the bond, collateral or security for the performance or restoration action.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 37. Public Lands § 37-132.01. Performance and restoration account; agreements with public and private entities - last updated January 01, 2025 | https://codes.findlaw.com/az/title-37-public-lands/az-rev-st-sect-37-132-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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