§ 35-908 – Principal amount of bonds issued less than confirmation; fee
35-908. Principal amount of bonds issued less than confirmation; fee A confirmation is effective as to bonds or mortgage credit certificates issued in lesser amounts than the principal amount set forth in the confirmation, but for bonds issued after 5:00 p.m. June 1, if the principal amount of bonds issued is less than the principal […]
§ 35-909 – Confirmation fees
35-909. Confirmation fees On the earlier of three business days after notice of issuance of the confirmation pursuant to section 35-904, subsection H or the filing of a certificate of closing, the authority shall be paid a nonrefundable confirmation fee of three hundred twenty dollars per million dollars for which a confirmation is issued. The […]
§ 35-910 – Extension of confirmations
35-910. Extension of confirmations A. A confirmation may be extended one time for up to ninety days but not later than December 16 on providing the authority with a security deposit equal to one per cent of the principal amount set forth in the confirmation. The security deposit and request for extension shall be submitted […]
§ 35-911 – Powers of the authority; certifications
35-911. Powers of the authority; certifications The authority may do all things necessary or desirable to carry out the purpose of this chapter, including issuing certifications regarding the aggregate amounts of allocations on bonds or mortgage credit certificates.
§ 35-912 – Limitation of liability
35-912. Limitation of liability No pecuniary recourse may be had for any claim based on any obligation contained in this chapter against this state or the authority or any of the past, present or future agencies, officers, directors, employees or agents.
§ 35-913 – Special allocations for mortgage revenue bonds and mortgage credit certificates; definitions
35-913. Special allocations for mortgage revenue bonds and mortgage credit certificates; definitions A. This section governs allocations of the state ceiling made by the director pursuant to section 35-902, subsection C. B. If the portion of a corporation’s allocation computed pursuant to subsection C of this section is less than ten million dollars, the director […]
§ 35-901 – Definitions
35-901. Definitions In this chapter, unless the context otherwise requires: 1. " Authority" means the Arizona finance authority established by title 41, chapter 53, article 2. 2. " Board" means the board of directors of the authority. 3. " Bond" means any obligation that is subject to the provisions of section 146 of the code, […]
§ 35-902 – Allocation
35-902. Allocation A. Subject to this chapter, the total amount of the state ceiling is allocated among projects pursuant to this section. The director shall issue confirmations on a first come, first served basis, within any particular category of projects as described in subsection C, D, E, F or G of this section. B. Thirty […]
§ 35-903 – Arizona finance authority designated as state registry; fee
35-903. Arizona finance authority designated as state registry; fee A. The Arizona finance authority is designated as the exclusive state registry for: 1. Requests. 2. Recordation of confirmations, whether outstanding or lapsed. 3. Certificates of closing. 4. Recordation of all requests for carry-forward amounts for specific projects. 5. Other records required for the administration of […]
§ 35-904 – Obtaining and issuing confirmations
35-904. Obtaining and issuing confirmations A. Subject to section 35-905, a confirmation allocating a portion of the state ceiling to a project must be obtained before the sale or issuance of bonds or mortgage credit certificates by the issuer. A confirmation may be obtained by filing with the authority a request and evidence of an […]