Arizona Laws 5-542. Validity of bonds
A. This article constitutes full authority for authorizing and issuing state lottery revenue bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may be construed to apply to any proceedings taken or acts done pursuant to this article.
Terms Used In Arizona Laws 5-542
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Bonds: means any bonds issued pursuant to this article. See Arizona Laws 5-531
- Director: means the director of the department of administration. See Arizona Laws 5-531
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- state lottery: means the lottery created and operated pursuant to this chapter. See Arizona Laws 5-551
B. The validity of bonds issued under this article does not depend on and is not affected by the legality of any proceeding relating to any action relating to application of the proceeds of the bonds.
C. The bonds shall recite that they are regularly issued pursuant to this article. That recital constitutes prima facie evidence of the legality and validity of the bonds. From and after the sale and delivery of the bonds, they are incontestable by the director or this state.