US Lawyer Database

§ 41-5854 – Arizona public school credit enhancement fund; purposes; exemption

41-5854. Arizona public school credit enhancement fund; purposes; exemption A. The Arizona public school credit enhancement fund is established consisting of: 1. Payments of program participation fees paid by schools that have participated in guaranteed financings pursuant to section 41-5855. 2. Repayments of monies of the fund that are used to make payments of principal […]

§ 41-5855 – Arizona public school credit enhancement program; eligibility; approval of financing; participation fee

41-5855. Arizona public school credit enhancement program; eligibility; approval of financing; participation fee A. The Arizona public school credit enhancement program is established to assist achievement district schools in obtaining more favorable financing by guaranteeing the payment of principal and interest on guaranteed financings issued by or on behalf of achievement district schools. B. To […]

§ 41-5856 – Payment of program guarantees; notification requirements; repayment

41-5856. Payment of program guarantees; notification requirements; repayment A. On any draw from the debt service reserve fund to pay principal or interest on a guaranteed financing, the bank trustee, paying agent or other fiduciary for the guaranteed financing shall deliver written notice of the draw to the board and to the state treasurer within […]

§ 41-5857 – Program funding obligations; immunity

41-5857. Program funding obligations; immunity A. The board may deliver nonnegotiable program funding obligations in one or more series in an aggregate principal amount of not more than $80, 000, 000. B. The board shall sell any program funding obligations prescribed in subsection A of this section to the state treasurer, and the state treasurer […]

§ 41-5858 – Quarterly reports

41-5858. Quarterly reports Within thirty days after the last day of each calendar quarter, the division staff, in collaboration with the board, shall submit to the speaker of the house of representatives, the president of the senate, the director of the joint legislative budget committee and the director of the governor’s office of strategic planning […]

§ 41-5815 – Validity of bonds; certification by attorney general

41-5815. Validity of bonds; certification by attorney general A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may be […]

§ 41-5831 – Definitions

41-5831. Definitions In this article, unless the context otherwise requires: 1. " HVAC system" means the equipment, distribution network and terminals that provide, either collectively or individually, the process of heating, ventilation or air conditioning to a building. 2. " School activity hours" means the time of day in which students or school personnel occupy […]

§ 41-5832 – Indoor air quality requirements

41-5832. Indoor air quality requirements A. When the board or the division approves the construction of a school building, the division shall conduct an environmental site assessment. The division shall consider site assessment standards in accordance with the American society for testing and materials standard E1527, standard practice for environmental site assessments: phase I environmental […]

§ 41-5802 – Authorization of school district impact aid revenue bonds

41-5802. Authorization of school district impact aid revenue bonds A. On voter approval pursuant to section 15-491, a school district governing board may issue negotiable impact aid revenue bonds pursuant to this article. Bonds may be issued under this article in a total aggregate amount not to exceed three times the average of the school […]