reglab/housing_qa huggingface dataset:
AZ Rev Stat § 5-1136 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-1136 - Tax on amusements and sporting events

5-1136.  Tax on amusements and sporting events (Conditionally Rpld.) A. The qualified electors,  by majority vote at an election held pursuant to section 5-1103,  may levy and,  if levied,  the department of revenue shall collect a tax on the gross proceeds of sales or gross income from persons taxed under title 42,  chapter 5 and classified under section 42-5073 in the authority. B. If levied,  the tax shall be levied under this section beginning on the first day of the first month beginning ninety days after the election,  and shall continue in this manner for three hundred sixty months except as provided by section 5-1139. C. Except as provided by section 5-1139,  the rate of the tax is .35 per cent of the tax base prescribed by section 42-5073.
AZ Rev Stat § 5-1137 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-1137 - Tax on retail

5-1137.  Tax on retail (Conditionally Rpld.) A. The qualified electors,  by majority vote at an election held pursuant to section 5-1103,  may levy and,  if levied,  the department of revenue shall collect a tax on the gross proceeds of sales or gross income from the business of every person engaging or continuing in a business taxed under title 42,  chapter 5 and classified under section 42-5061 in the authority. A tax under this section is in addition to the tax imposed by title 42,  chapter 5 and any tax imposed by any other political subdivision in the authority. B. If levied,  the tax shall be levied under this section beginning on the first day of the first month beginning ninety days after the election,  and shall continue in this manner for three hundred sixty months except as provided by section 5-1139.  C. Except as provided by section 5-1139,  the rate of the tax is .15 per cent of the tax base prescribed by section 42-5061.
AZ Rev Stat § 5-1138 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-1138 - Administration of tax

5-1138.  Administration of tax (Conditionally Rpld.) A. Unless the context otherwise requires,  section 42-6102 governs the administration of the taxes imposed under this article. B. Each month the state treasurer shall transmit the net revenues collected pursuant to this article to the authority for deposit in the general fund.
AZ Rev Stat § 5-1139 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-1139 - Conditional reduction of district taxes

5-1139.  Conditional reduction of district taxes (Conditionally Rpld.) A. If,  seventy-two months after the district is established,  at least two major league baseball franchises have not executed binding contractual agreements for use of stadiums and other facilities in the district as their exclusive sites for spring training operations for terms of at least ten years,  the respective tax rates prescribed by sections 5-1133 through 5-1137 are reduced by fifty per cent as provided by paragraph 2 of this subsection,  and the district shall use all revenues produced by the reduced rates exclusively for the promotion of youth and amateur sports as provided by section 5-1107. If the condition described by this subsection occurs: 1. The executive director shall notify the department of revenue in writing on or before the date that is seventy-two months after the district is established. 2. The reduced tax rates are effective on the first day of the first month that is at least ninety days after the date of notification. B. If,  at any subsequent time,  at least two major league baseball franchises execute binding contractual agreements for use of stadiums and other facilities in the district as their exclusive sites for spring training operations for terms of at least ten years,  the respective tax rates prescribed by sections 5-1133 through 5-1137 shall be reinstated at the full amounts as provided by paragraph 2 of this subsection,  and the district shall use the revenues as provided by law without condition. If the condition described by this subsection occurs: 1. The executive director shall notify the department of revenue in writing on or before the date that the second contract is entered into. 2. The increased tax rates are effective on the first day of the first month that is at least ninety days after the date of notification.
AZ Rev Stat § 5-1140 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-1140 - Annual audit

5-1140.  Annual audit (Conditionally Rpld.) A. The board of directors of the district shall cause an annual audit to be conducted of each of the authority's funds,  accounts and subaccounts by an independent certified public accountant within one hundred twenty days after the end of the fiscal year. B. The board shall immediately file a certified copy of the audit with the auditor general. The auditor general may make such further audits and examinations as necessary and may take appropriate action relating to the audit or examination pursuant to title 41,  chapter 7,  article 10.1. If the auditor general takes no further action within thirty days after the audit is filed,  the audit is considered to be sufficient. C. The authority board shall pay negotiated and approved fees and costs of the certified public accountant and auditor general under this section from the authority's general fund.
AZ Rev Stat § 5-861 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-861 - Definitions

5-861.  Definitions In this article,  unless the context otherwise requires: 1. " Bond related expenses"  means any expenses incurred by the authority to issue and administer its bonds including underwriting fees and costs,  trustee fees,  financial consultant fees,  printing and advertising costs,  paying agent fees,  transfer agent fees,  legal,  accounting,  feasibility consultant and other professional fees and expenses,  credit enhancement fees,  attorney and accounting fees and expenses related to credit enhancement,  bond insurance or liquidity enhancement,  remarketing fees,  rating agency fees and costs,  travel and telephone expenses and all other fees considered necessary by the authority in order to market and administer the bonds. 2. " Bonds"  means the bonds of the authority issued pursuant to this article. 3. " Multipurpose facility purpose"  includes the following purposes: (a) Acquiring,  designing,  developing,  constructing,  reconstructing,  equipping,  repairing,  maintaining,  operating and improving a multipurpose facility and improvements. (b) The payment of bond obligations. (c) Bond related expenses.
AZ Rev Stat § 5-862 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-862 - Authorization of bonds

5-862.  Authorization of bonds A. The authority may issue negotiable bonds pursuant to this article in such principal amount as,  in the opinion of the board,  is necessary to: 1. Provide sufficient monies for any multipurpose facility purpose. 2. Pay necessary bond related expenses. 3. Establish and fully or partially fund any reserves or sinking accounts established by the bond resolution. 4. Issue refunding bonds if the board considers refunding to be expedient. The board may provide for investing and holding the proceeds of the refunding bonds in trust for the benefit of the holders of the bonds being refunded. 5. Refund any bonds issued by the authority if the bonds are secured from the same source of revenues as the bonds authorized in this article by issuing new bonds,  whether the bonds to be refunded have or have not matured. 6. Issue bonds partly to refund outstanding bonds and partly for any multipurpose facility purpose consistent with this article. B. The board shall authorize the bonds by resolution. The resolution shall prescribe: 1. The authority s revenue sources that are pledged and dedicated to secure the bonds. 2. The rate or rates of interest,  which may be fixed or variable,  the date or dates on which interest is payable and the denominations of the bonds. 3. The date or dates of the bonds and maturity. 4. The manner of executing the bonds. 5. The medium and place of payment. 6. The terms of redemption,  which may provide for a premium for early redemption.
AZ Rev Stat § 5-863 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-863 - Issuance and sale of bonds; notice

5-863.  Issuance and sale of bonds;  notice A. The board shall issue the bonds in the number and amount provided in the resolution. B. The bonds may be sold by competitive bid or negotiated sale for public or private offering at the price and on the terms prescribed in the resolution. C. The proceeds from the sale of the bonds shall be deposited in the bond proceeds subaccount established by section 5-864. D. Title 35,  chapter 3,  article 7 applies to the board and to bonds issued under this article.
AZ Rev Stat § 5-864 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-864 - Bond proceeds subaccount

5-864.  Bond proceeds subaccount A. If the authority issues bonds under this article,  the board shall establish a bond proceeds subaccount within the construction account established by section 5-833 consisting of monies received from the sale of the bonds. B. The authority may use monies in the bond proceeds subaccount only for multipurpose facility purposes in the manner prescribed by this chapter. C. The treasurer or fiscal agent of the authority shall administer and account for the bond proceeds subaccount.
AZ Rev Stat § 5-865 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-865 - Debt service account

5-865.  Debt service account A. If the authority issues bonds under this article the board shall establish a debt service account consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related expenses associated with redeeming the bonds. B. Monies in the debt service account may be used only for the purposes authorized by this article. C. The treasurer or fiscal agent of the authority shall administer and account for the debt service account.
AZ Rev Stat § 5-866 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-866 - Securing principal and interest

5-866.  Securing principal and interest In connection with issuing bonds authorized by this article and to secure the principal and interest on the bonds,  the board by resolution may: 1. Pledge for the payment of principal and interest on the bonds all or part of the revenues and other monies received by the authority and deposited in the general fund or any account or subaccount of the authority. 2. Pledge and assign to or in trust for the benefit of the holder or holders of the bonds all or part of the monies in the debt service account or any other account or subaccount as necessary to secure and pay the principal,  the interest and any premium on the bonds as they come due. 3. Segregate the debt service account into one or more subaccounts and provide that bonds issued under this article may be secured by a lien on all or part of the monies paid into the debt service account or into any subaccount in the debt service account. 4. Establish priorities among bondholders based on criteria adopted by the board. 5. Set aside,  regulate and dispose of reserves and sinking accounts. 6. Prescribe the procedure,  if any,  by which the terms of any contract with bondholders may be amended or abrogated,  the amount of bonds the holders of which must consent to and the manner in which the consent may be given. 7. Provide for payment of bond related expenses from the proceeds of the sale of the bonds or other revenues available to the board. 8. Provide for the services of trustees,  co-trustees,  agents,  consultants and other specialized services with respect to the bonds. 9. Contract with a financial institution,  insurance company or indemnity company to provide additional security for the bonds in the form of a line of credit,  letter of credit,  insurance policy or other security and pay the costs of this additional security from amounts provided in the bond issue or from other available sources. 10. Take any other action that in any way may affect the security and protection of the bonds or interest on the bonds.
AZ Rev Stat § 5-867 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-867 - Lien of pledge

5-867.  Lien of pledge A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The monies pledged to the holders of the bonds and received by the authority for placement in the debt service account are immediately subject to the lien of the pledge without any further act. Any lien of any pledge is valid and binding against all parties who have claims of any kind against the authority,  regardless of whether the parties have notice of the lien. The official resolution or any instrument by which this pledge is created,  when adopted by the board,  is notice to all concerned of the creation of the pledge,  and those instruments need not be recorded in any other place to perfect the pledge.
AZ Rev Stat § 5-868 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-868 - Bond purchase; cancellation

5-868.  Bond purchase;  cancellation The board may purchase bonds for cancellation,  using any available monies,  at a price not exceeding the following: 1. If the bonds are redeemable at the time of purchase,  the applicable redemption price plus accrued interest to the next interest payment date. 2. If the bonds are not redeemable at the time of purchase,  the applicable redemption price on the first date after purchase on which the bonds become subject to redemption plus accrued interest to that date.
AZ Rev Stat § 5-869 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-869 - Payment of bonds

5-869.  Payment of bonds A. The bonds shall be paid solely from monies in the debt service account. B. Neither the members of the board nor any person executing the bonds is personally liable for the payment of the bonds. C. The treasurer or fiscal agent of the authority shall cancel all bonds when paid.
AZ Rev Stat § 5-870 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-870 - Use of surplus monies

5-870.  Use of surplus monies A. If a balance remains in the bond proceeds subaccount after all acquisition,  construction and related costs have been paid: 1. The board shall credit the balance to repay any other outstanding indebtedness of the authority. 2. If the authority has no outstanding indebtedness,  the board shall credit the remaining balance to the authority s operating account established by section 5-836. B. If a balance remains in the debt service account after payment of all bonds,  interest and other charges related to bonds issued under this article,  the board shall credit the balance to the authority s operating account established by section 5-836.
AZ Rev Stat § 5-871 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-871 - Investment of monies in the bond proceeds subaccount

5-871.  Investment of monies in the bond proceeds subaccount A. The board may authorize the treasurer or fiscal agent of the authority to invest monies in the bond proceeds subaccount in the manner prescribed by section 5-873. B. The order directing an investment shall state a date on which the proceeds from the sale of the bonds will be needed for use,  and the treasurer or fiscal agent shall make the investment in such a way as to mature on or before the specified date. C. All monies earned as interest or otherwise derived from the investment of the monies in the bond proceeds subaccount shall be credited to that subaccount.
AZ Rev Stat § 5-872 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-872 - Investment of monies in debt service account

5-872.  Investment of monies in debt service account A. The board may authorize the treasurer or fiscal agent of the authority to invest and reinvest any monies in the debt service account as provided by section 5-873. B. The order directing an investment shall state a date on which the monies and other resources in the debt service account will be needed for use,  and the treasurer or fiscal agent shall make the investment in such a way as to mature on or before the specified date. C. All monies earned as interest or otherwise derived from the investment of the monies in the debt service account shall be credited to that account.
AZ Rev Stat § 5-873 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-873 - Authorized investments of monies

5-873.  Authorized investments of monies A. The monies in either the bond proceeds subaccount or the debt service account may be invested and reinvested at the direction of the board in any of the following: 1. United States treasury obligations. 2. Consolidated farm loan bonds. 3. Obligations issued by the federal intermediate credit banks or by bonds for cooperatives on authority of the farm credit act of 1933. 4. Any other obligations guaranteed by the United States government. 5. Any investments that are authorized by any other agencies of the United States government and that are authorized to secure public deposits. 6. State and local government series United States treasury securities. 7. State,  county or municipal bonds issued in this state and on which the payments of interest have not been deferred. 8. Investment agreements and repurchase agreements collateralized by investments described in paragraphs 1 through 5. B. The purchase of the securities shall be made by the treasurer or fiscal agent on authority of a resolution of the board. The treasurer or fiscal agent shall act as custodian of all securities purchased. C. The board may place any restrictions on reinvestment yield on bond proceeds or on any monies pledged to pay the bonds if necessary to comply with federal income tax laws and regulations to gain any federal tax benefits available with respect to the bonds.
AZ Rev Stat § 5-874 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-874 - Deposit and disbursement of monies

5-874.  Deposit and disbursement of monies A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be deposited by the treasurer or fiscal agent in financial institutions that the board designates and that are insured by an agency or instrumentality of the United States. The monies shall be disbursed as the board directs and according to the terms of any agreements with the holder or holders of the bonds. B. This section shall not be construed as limiting the power of the board to agree in connection with the issuance of any of its bonds as to the custody and disposition of the monies received from selling bonds or from the income and revenues pledged or assigned to or in trust for the benefit of the holder or holders of the bonds.
AZ Rev Stat § 5-875 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-875 - Characteristics of bonds; negotiable; obligation; legal investments; exemption from taxation

5-875.  Characteristics of bonds;  negotiable;  obligation;  legal investments;  exemption from taxation A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code,  subject only to any provisions for registration,  regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial code. B. The bonds,  their transfer and the income from the bonds are at all times free from taxation in this state. C. Bonds issued under this article: 1. Are obligations of the authority. The members of the board and persons who execute the bonds are not personally liable for payment of the bonds. 2. Are payable only according to their terms. 3. Are obligations of the authority and are not general,  special or other obligations of this state. 4. Do not constitute a debt of this state. 5. Are not enforceable against this state nor is payment of the bonds enforceable out of any monies other than the revenue pledged and assigned to,  or in trust for the benefit of,  the holder or holders of the bonds. 6. Are securities in which public officers and bodies of this state and of municipalities and political subdivisions of this state,  all companies,  associations and other persons carrying on an insurance business,  all financial institutions,  investment companies and other persons carrying on a banking business,  all fiduciaries and all other persons who are authorized to invest in government obligations may properly and legally invest. 7. Are securities that may be deposited with public officers or bodies of this state and municipalities and political subdivisions of this state for purposes that require the deposit of government bonds or obligations.
AZ Rev Stat § 5-876 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-876 - Effect of changing circumstances on bonds; agreement of state

5-876.  Effect of changing circumstances on bonds;  agreement of state A. Bonds issued under this article remain valid and binding obligations of the authority notwithstanding that before the delivery of the bonds any of the persons whose signatures appear on the bonds cease to be officers of the authority. B. An amendment of any provision in this chapter does not diminish or impair the validity of bonds issued under this article or the remedies and rights of bondholders. C. This state pledges to and agrees with the holders of the bonds authorized by this article that this state will not limit,  alter or impair the rights vested in the authority to receive the monies necessary to fulfill the terms of any agreements made with the holders of the bonds,  or in any way impair the rights and remedies of the bondholders,  until all bonds issued under this article,  together with interest on the bonds,  interest on any unpaid installments of principal or interest and all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders,  are fully met and discharged. The board,  as agent for this state,  may include this pledge and undertaking in its resolutions and indentures authorizing and securing its bonds.
AZ Rev Stat § 5-877 (2021)
2021 Arizona Revised Statutes|Title 5 - Amusements and Sports|§ 5-877 - Validity of bonds; legal opinion

5-877.  Validity of bonds;  legal opinion 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 construed to apply to any proceedings taken or acts done pursuant to this article. B. The validity of bonds issued under this article does not depend on and is not affected by the legality of any proceeding relating to the acquisition,  construction,  improvement,  operation or maintenance of a multipurpose facility for which the bonds are issued. C. The board may submit any bonds to be issued under this article to the attorney general after all proceedings for authorizing the bonds have been completed. On submission the attorney general shall examine and pass on the validity of the bonds and the regularity of the proceedings. If the proceedings comply with this article,  and if the bonds when delivered and paid for will constitute binding and legal obligations of the authority,  the attorney general shall certify on the back of each bond,  in substance,  that it is issued according to the constitution and laws of this state and that the interest on the bonds will be exempt from state taxes as provided by law. D. The bonds shall recite that they are regularly issued pursuant to this article. That recital,  together with the legal opinion under subsection C,  constitutes prima facie evidence of the legality and validity of the bonds. From and after the sale and delivery of the bonds,  they are incontestable by this state or the authority.