All proceeds received from the sale of the bonds, all fees, rental or other charges received by the district from any undertaking financed by the bonds and all monies received from any source in connection with the bonds shall be used, applied and disposed of as the board determines by its bond resolution or trust agreement.

Terms Used In Arizona Laws 48-3219.03

  • Bonds: means revenue bonds and includes notes if applicable. See Arizona Laws 48-3212
  • Undertaking: means for the purpose of this article the purchase, construction, leasing or acquisition of any real or personal property, works or facilities which the district is authorized by law to purchase, construct, lease or otherwise acquire, or the improvement, reconstruction, extension or addition to any real or personal property, works or facilities owned or operated by the district, or any program of development involving real or personal property, works or facilities which the district is authorized by law to purchase, construct, lease or otherwise acquire or the improvement, reconstruction, extension or addition to such program, but does not include the acquisition by the exercise of the right of eminent domain or condemnation of any existing electrical works or electrical facilities. See Arizona Laws 48-3212
  Previous section
Next section  
 Article 10.1 Contents