§ 35-721 – Bonds of the corporation
35-721. Bonds of the corporation A. All principal and interest of bonds issued by the corporation shall be payable solely out of the revenues, proceeds and receipts derived from the corporation’s sale of property, loan repayments or lease rentals, or out of the proceeds of bonds issued hereunder, or of any revenues, proceeds and receipts […]
§ 35-722 – Approval by elected official if required by federal law
35-722. Approval by elected official if required by federal law The governor or the attorney general, or the state treasurer if designated by the governor, may approve the issuance of any bonds issued by a corporation formed with the permission of the Arizona finance authority or the Arizona board of regents for purposes of complying […]
§ 35-723 – Prohibition on state debt
35-723. Prohibition on state debt This chapter shall not be construed to authorize the incurrence of a debt by this state within the meaning of any constitutional provision or to permit the pledging of student fees, charges or tuition to the payment of any bonds issued pursuant to this chapter.
§ 35-724 – Security for bonds
35-724. Security for bonds The principal of and interest on any bonds issued by the corporation shall be secured by a pledge of the revenues, proceeds and receipts or any portion thereof out of which the principal and interest are made payable, and may be secured by a mortgage covering all or any part of […]
§ 35-725 – Bonds made legal investments
35-725. Bonds made legal investments Bonds issued under the provisions of this chapter shall be legal investments for all banks, trust companies and insurance companies organized and operating under the laws of this state.
§ 35-726 – Approval of general plan before issuing bonds; fee; definition
35-726. Approval of general plan before issuing bonds; fee; definition A. Bonds shall not be issued by a corporation for the purpose of financing single family dwelling units pursuant to section 35-706, subsection A, paragraph 11 or 12 without approval of a general plan by its governing body. The corporation shall submit a general plan […]
§ 35-728 – Additional powers; allocating low-income housing tax credits; report; definition
35-728. Additional powers; allocating low-income housing tax credits; report; definition A. In addition to the other powers granted to the department, the department may: 1. Adopt rules for the conduct of its business and its review of the activities described in this article. 2. Contract with, retain or designate financial consultants, attorneys and such other […]
§ 35-729 – Exemption from procurement code
35-729. Exemption from procurement code For purposes of this article and chapter 7 of this title, the following are exempt from title 41, chapter 23 or other restrictions on the procedure for entering into contracts: 1. The Arizona commerce authority. 2. The Arizona department of housing.
§ 35-821 – Bonds of the corporation
35-821. Bonds of the corporation A. All principal and interest of bonds issued by the corporation shall be payable solely out of the revenues and receipts derived from the corporation’s sale of property, loan repayments or lease rentals, or out of the proceeds of bonds issued hereunder, as shall be specified in the proceedings of […]
§ 35-822 – Security for bonds
35-822. Security for bonds The principal and interest of any bonds issued by the corporation may be secured by a pledge of the revenues and receipts of the corporation out of which the principal and interest are to be made payable, by a mortgage covering all or any part of the properties of the corporation […]