§ 15-1171 – Trust assets of Arizona rural rehabilitation corporation; transfer to state board of education
15-1171. Trust assets of Arizona rural rehabilitation corporation; transfer to state board of education The state board of education is designated as the state agency empowered to make application to the secretary of agriculture of the United States, or any other proper federal official, pursuant and subject to the provisions of act of May 3, […]
§ 15-1172 – Arizona youth farm loan fund
15-1172. Arizona youth farm loan fund Notwithstanding any other law, funds and the proceeds of the trust assets shall be received by the state board of education and shall be deposited, pursuant to sections 35-146 and 35-147, in a special fund to be known as the Arizona youth farm loan fund that is maintained as […]
§ 15-1173 – Use of funds
15-1173. Use of funds A. Except as provided in subsection C of this section, monies in the Arizona youth farm loan fund may be used only for such of the rural rehabilitation purposes as are permissible under the Arizona rural rehabilitation corporation’s charter as it appeared during the calendar year 1960 and as may from […]
§ 15-1174 – Powers and duties
15-1174. Powers and duties The state board of education on behalf of the state of Arizona is authorized and empowered to: 1. Collect, compromise, adjust or cancel claims and obligations arising out of or administered under this article or under any mortgage, lease, contract or other agreement entered into or administered pursuant to this article […]
§ 15-1175 – Liability
15-1175. Liability The United States, and the secretary of agriculture thereof, shall be held free from liability by virtue of the transfer of the assets to the state board of education pursuant to this article.