§ 35-1206 – Public depositors; immunity
35-1206. Public depositors; immunity When deposits are made in accordance with this chapter, an official of a public depositor is not personally liable for any loss resulting from the default or insolvency of any eligible depository in the absence of negligence, malfeasance, misfeasance or nonfeasance on the part of public depositor or the depositor’s agents.
§ 35-1207 – Collateral for public deposits
35-1207. Collateral for public deposits A. An eligible depository shall not accept or retain any public deposit that is required to be secured unless the eligible depository has deposited the required collateral with a qualified escrow agent or the administrator, if required. Every eligible depository shall deposit with a qualified escrow agent eligible collateral equal […]
§ 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 […]
§ 35-1001 – Definitions
35-1001. Definitions In this chapter, unless the context otherwise requires: 1. " Governmental entity" means this state, any county, city, town, municipality or other political subdivision of this state or any department, agency, board, commission, authority, political subdivision, public corporation or other public entity of any of the foregoing or controlled by any of the […]
§ 35-1002 – Swap agreements; provisions; purposes; credit enhancement
35-1002. Swap agreements; provisions; purposes; credit enhancement A. A governmental entity may enter into, modify, amend and terminate one or more swap agreements that it determines to be necessary or desirable in connection with, or incidental to, the conduct of its activities, including in connection with the issuance, carrying or securing of obligations or the […]
§ 35-841 – Cooperation with governmental bodies
35-841. Cooperation with governmental bodies For the purposes of carrying out the provisions of this chapter, the governing body of a municipality or county may enter into cooperative agreements with governing bodies of any other municipality or county or with the state or any department or agent thereof, or with the United States or with […]
§ 35-1003 – Enforceability
35-1003. Enforceability Absent bad faith or actual knowledge to the contrary, a counterparty that enters into a swap agreement with a governmental entity may rely on a representation by that governmental entity that it is authorized or empowered to enter into the swap agreement. Notwithstanding the failure by that governmental entity to comply with the […]
§ 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, […]