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Current as of January 01, 2025 | Updated by Findlaw Staff
A. The authority shall maintain a youth and amateur sports facilities account consisting of monies transmitted to the account pursuant to § 5-835.
B. The authority shall establish a youth and amateur sports facilities reserve within the account consisting of monies transmitted to the reserve pursuant to § 5-835, subsection B, paragraph 6. The authority shall transfer from the reserve to the account an amount equal to any deficiency in the monthly amount distributed to the account pursuant to § 5-835, subsection B, paragraph 3.
C. The authority shall use monies in the account for purposes of § 5-809.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 5. Amusements and Sports § 5-838. Youth and amateur sports facilities account; reserve - last updated January 01, 2025 | https://codes.findlaw.com/az/title-5-amusements-and-sports/az-rev-st-sect-5-838/
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