§ 15-1682.02 – Indirect and third party financing; review; reporting
15-1682.02. Indirect and third party financing; review; reporting A. The board may secure indirect or third party financing for any project if the following conditions are met: 1. The term of the indirect or third party financing does not exceed the earlier of forty years or the useful life of the capital improvements. 2. The […]
§ 15-1682.03 – University capital improvement lease-to-own and bond fund; lease-to-own and bond capital improvement agreements
15-1682.03. University capital improvement lease-to-own and bond fund; lease-to-own and bond capital improvement agreements A. The university capital improvement lease-to-own and bond fund is established consisting of the monies provided by the Arizona board of regents pursuant to this section, monies deposited pursuant to section 5-572 and monies appropriated by the legislature. The board shall […]
§ 15-1683 – Issuance of bonds
15-1683. Issuance of bonds A. The board shall have power, and is hereby authorized from time to time, to issue bonds: 1. To acquire any one project, or more than one, or any combination thereof, for such institution, if both of the following conditions are met: (a) As of the date of issuance of bonds […]
§ 15-1684 – Refunding bonds
15-1684. Refunding bonds The board shall have power, and is hereby authorized from time to time, to issue refunding bonds: 1. To refund unpaid matured bonds. 2. To refund unpaid matured coupons evidencing interest upon its unpaid matured bonds. 3. To refund interest at the coupon rate upon its unpaid matured bonds that has accrued […]
§ 15-1685 – Security of bonds
15-1685. Security of bonds In connection with the issuance of any bonds under this article, and in order to secure the payment of any such bonds and the interest thereon, the board shall have power for each institution: 1. To fix, maintain and collect: (a) Fees, tuitions, rentals and other charges from students, faculty, staff […]
§ 15-1686 – Effect on bonds authorized but unissued
15-1686. Effect on bonds authorized but unissued All acts granting authority to the board to construct or acquire any buildings, projects or facilities and to issue bonds therefor shall be kept in full force and effect but shall be supplemented by this enactment if both of the following occur: 1. Bonds remain authorized but not […]
§ 15-1687 – Enforcement of contract
15-1687. Enforcement of contract The provisions of this article and of any resolution or other proceeding authorizing the issuance of bonds shall constitute a contract with the holders of such bonds and the provisions thereof shall be enforceable either in law or in equity, by suit, action, mandamus or other proceeding in any court of […]
§ 15-1688 – Monies of the board
15-1688. Monies of the board No monies derived from the sale of bonds issued under the provisions of this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be required to be paid into the state treasury but shall be invested in obligations […]
§ 15-1689 – Validity of bonds
15-1689. Validity of bonds The bonds bearing the signatures of officers of the board in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before the delivery thereof and payment therefor any or all persons whose signatures appear thereon shall have ceased to be such officers. The validity […]