Arizona Laws 5-1470. Payment of bonds
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A. The bonds shall be paid solely from monies in the debt service account.
Terms Used In Arizona Laws 5-1470
- Authority: means the southern Arizona sports, tourism and film authority. See Arizona Laws 5-1401
- Board: means the board of directors of the authority. See Arizona Laws 5-1401
B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds.
C. The authority‘s fiscal agent shall cancel all bonds when paid.