Arizona Laws 41-5356. Duties of board; annual report
A. The board shall:
Terms Used In Arizona Laws 41-5356
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Arizona industrial development authority: means the industrial development authority established by the Arizona finance authority. See Arizona Laws 41-5351
- Authority: means the Arizona finance authority. See Arizona Laws 41-5351
- Board: means the board of directors of the authority. See Arizona Laws 41-5351
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Office: means the office of economic opportunity. See Arizona Laws 41-5301
1. Establish the Arizona industrial development authority under title 35, chapter 5 and, notwithstanding the requirements of section 35-705, serve as the board of the Arizona industrial development authority.
2. Serve as the board of the greater Arizona development authority and have all powers and authority to take action on behalf of the greater Arizona development authority pursuant to chapter 18 of this title.
3. Approve the Arizona finance authority’s budget.
B. On or before October 1 of each year, the Arizona industrial development authority shall submit a report to the president of the senate, the speaker of the house of representatives and the directors of the joint legislative budget committee and the governor’s office of strategic planning and budgeting regarding the Arizona industrial development authority’s revenues, expenditures and program activity for the previous fiscal year.