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Arizona Revised Statutes Title 48. Special Taxing Districts § 48-6275. Debt service account

Current as of January 01, 2025 | Updated by Findlaw Staff

A. If the district issues bonds under this article, the board shall establish a debt service account within the general fund consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related expenses associated with redeeming the bonds.

B. Monies in the debt service account may be used only for the purposes authorized by this article.

C. The fiscal agent of the district shall administer and account for the debt service account.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 48. Special Taxing Districts § 48-6275. Debt service account - last updated January 01, 2025 | https://codes.findlaw.com/az/title-48-special-taxing-districts/az-rev-st-sect-48-6275/

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