§ 35-1209 – Reports of eligible depositories
35-1209. Reports of eligible depositories At the request of the administrator, each eligible depository shall submit to the administrator a report, as prescribed by the administrator, showing the current market value of the depository’s pledged collateral. The report shall be certified as to its accuracy by an authorized official of the eligible depository.
§ 35-1210 – Procedure for payment of losses
35-1210. Procedure for payment of losses When the administrator determines that an eligible depository securing public deposits in accordance with this section is a defaulting depository, the administrator shall take steps as promptly as practicable to reimburse public depositors of all uninsured public deposits held by the defaulting depository using the following procedures: 1. The […]
§ 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, […]
§ 35-1004 – Treatment, calculation and payment of amounts due under swap agreements; exemptions from budget
35-1004. Treatment, calculation and payment of amounts due under swap agreements; exemptions from budget A. A governmental entity may deduct amounts which the governmental entity is to receive pursuant to swap agreements from the amounts due on its bonds or other long-term obligations for the purposes of determining: 1. Whether a governmental entity has satisfied […]
§ 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 […]
§ 35-1005 – Limitation on effect of chapter
35-1005. Limitation on effect of chapter For purposes of this chapter, " governmental entity" does not include any agricultural improvement district formed or operating under title 48, chapter 17, and this chapter shall not restrict or modify the powers of an agricultural improvement district to enter into swap agreements and otherwise engage in transactions pertaining […]