Arizona Laws 35-1204. Mandatory deposit of public funds in eligible depositories; notice; exemption
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A. Uninsured public deposits required to be secured by collateral pursuant to this chapter shall be deposited in an eligible depository.
Terms Used In Arizona Laws 35-1204
- Administrator: means the statewide collateral pool administrator. See Arizona Laws 35-1201
- Population: means the population according to the most recent United States decennial census. See Arizona Laws 1-215
B. On written notice to the administrator, a city that is governed by a charter and that has a population of more than one million persons is exempt from the requirements of this article.