reglab/housing_qa huggingface dataset:
AZ Rev Stat § 41-5757 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5757 - Bond purchase; cancellation

41-5757.  Bond purchase;  cancellation The board may purchase bonds for cancellation out of any monies available for the purchase,  at a price of not more than either of the following: 1. If the bonds are redeemable at the time of the purchase,  the applicable redemption price plus accrued interest to the next interest payment date on the bonds. 2. If the bonds are not redeemable at the time of the purchase,  the applicable redemption price on the first date after the purchase on which the bonds become subject to redemption plus accrued interest to that date.
AZ Rev Stat § 41-5758 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5758 - Payment of revenue bonds

41-5758.  Payment of revenue bonds A. The revenue bonds shall be paid solely from monies from the school facilities revenue bond debt service fund established by section 41-5754 and other monies that are credited to the school facilities revenue bond debt service fund. B. The state treasurer or the paying agent for the revenue bonds shall cancel all revenue bonds when paid.
AZ Rev Stat § 41-5759 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5759 - Investment of monies in school facilities revenue bond proceeds fund

41-5759.  Investment of monies in school facilities revenue bond proceeds fund A. As provided by section 41-5761,  the board may authorize the state treasurer or bond trustee to invest monies in the school facilities revenue bond proceeds fund established by section 41-5753. B. The order directing an investment shall state a specified time when the proceeds from the sale of the bonds will be used. The state treasurer or bond trustee shall make the investment in such a way as to mature at the specified date. C. All monies earned as interest or otherwise derived from the investment of the monies in the school facilities revenue bond proceeds fund shall be credited to the school facilities revenue bond debt service fund established by section 41-5754.
AZ Rev Stat § 41-5760 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5760 - Investment of monies in school facilities revenue bond debt service fund

41-5760.  Investment of monies in school facilities revenue bond debt service fund A. The board may authorize the state treasurer or bond trustee to invest and reinvest any monies in the school facilities revenue bond debt service fund as provided by section 41-5761. B. All monies earned as interest or otherwise derived from the investment of the monies in the school facilities revenue bond debt service fund shall be credited to that fund.
AZ Rev Stat § 41-5761 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5761 - Authorized investments of fund monies

41-5761.  Authorized investments of fund monies A. On notice from the board,  the state treasurer or bond trustee shall invest and divest monies in either the school facilities revenue bond proceeds fund or the school facilities revenue debt service fund in any of the following: 1. Obligations issued or guaranteed by the United States or any of the senior debt of its agencies,  sponsored agencies,  corporations,  sponsored corporations or instrumentalities. 2. State,  county or municipal bonds issued in this state on which the payments of interest have not been deferred. 3. Investment agreements and repurchase agreements collateralized by investments described in paragraph 1 of this subsection. B. The purchase of the securities shall be made by the state treasurer or bond trustee on authority of a resolution of the board. The treasurer or bond trustee shall act as custodian of all securities purchased. The securities may be sold on an order of the board.
AZ Rev Stat § 41-5762 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5762 - Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments

41-5762.  Characteristics of bonds;  negotiable;  exemption from taxation;  obligation;  legal investments 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 board. The members of the board and persons executing the bonds are not personally liable for payment of the bonds. 2. Are payable only according to their terms. 3. 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 § 41-5763 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5763 - Effect of changing circumstances on bonds; agreement of state

41-5763.  Effect of changing circumstances on bonds;  agreement of state A. Bonds issued under this article remain valid and binding obligations of the board notwithstanding that,  before the delivery of the bonds,  any of the persons whose signatures appear on the bonds cease to be members of the board. B. An amendment of any provision of this article 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 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 the bonds.
AZ Rev Stat § 41-5764 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5764 - Validity of bonds; certification by attorney general

41-5764.  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 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 any action by the board in granting or lending monies or the acquisition,  construction or improvement of any facility paid with monies provided by the board. C. The board may submit to the attorney general revenue bonds to be issued under this article after all proceedings for authorizing the bonds have been completed. Within fifteen days after submission,  the attorney general shall examine the bonds and pass on the validity of the bonds and the regularity of the proceedings. If the bonds and proceedings comply with the Constitution of Arizona and this article,  and if the bonds when delivered and paid for will constitute binding and legal obligations of the board,  the attorney general shall certify in substance that the bonds are issued according to the constitution and laws of this state. The certificate shall also state that the bonds are also validly secured by the obligation to transfer monies from designated sources of revenue,  including income on the permanent state school fund established by section 37-521,  to cover any insufficiencies. D. The bonds shall recite that they are regularly issued pursuant to this article. That recital,  together with the certification by the attorney general under subsection C of this section,  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 the board or this state.
AZ Rev Stat § 41-5781 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5781 - Authorization of state school improvement revenue bonds; expiration

41-5781.  Authorization of state school improvement revenue bonds;  expiration A. The board may issue revenue bonds in a principal amount not to exceed $800, 000, 000 pursuant to this article. The board may also issue qualified zone academy bonds within the meaning of section 1397e of the United States internal revenue code of 1986 or successor provisions pursuant to this article in a principal amount not to exceed $20, 000, 000. The qualified zone academy bonds shall be separately accounted for within the school improvement revenue bond proceeds fund established by section 41-5783. All bonds authorized by this section may be issued for the following purposes: 1. To provide monies to pay the cost of bond-related expenses,  including any expenses incurred by the board 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,  bond insurance or other credit enhancements or liquidity facilities,  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 board in order to market and administer the bonds. 2. To fully or partially fund any reserves or sinking accounts established by the bond resolution. B. The board shall authorize the bonds by resolution. The resolution shall prescribe: 1. The fixed or variable rate or rates of interest,  the date or dates on which interest is payable and the denominations of the bonds. 2. The date or dates of the bonds and maturity,  within twenty years after the date of issuance. 3. The form of the bonds. 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. C. The bonds issued pursuant to this article shall be known as state school improvement revenue bonds. D. The authority of the board to issue school improvement revenue bonds pursuant to this article expires from and after June 30,  2003,  except for bonds issued to refund any bonds issued by the board.
AZ Rev Stat § 41-5782 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5782 - Issuance and sale of school improvement revenue bonds

41-5782.  Issuance and sale of school improvement revenue bonds A. The board shall issue the school improvement revenue bonds in the number and amount provided in the resolution. B. The bonds shall be sold at public or private sale at the price and on the terms prescribed in the resolution at,  above or below par. C. The net proceeds of the sale of the bonds shall be deposited in the school improvement revenue bond proceeds fund established pursuant to section 41-5783.
AZ Rev Stat § 41-5783 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5783 - School improvement revenue bond proceeds fund; use for school improvements

41-5783.  School improvement revenue bond proceeds fund;  use for school improvements A. If the board issues revenue bonds under this article,  the board shall establish a school improvement revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds. B. The board may use monies in the school improvement revenue bond proceeds fund only for the purposes provided in section 41-5781,  subsection A. Monies in the school improvement revenue bond proceeds fund are exempt from lapsing under section 35-190. C. The state treasurer or bond trustee shall administer and account for the school improvement revenue bond proceeds fund.
AZ Rev Stat § 41-5784 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5784 - School improvement revenue bond debt service fund

41-5784.  School improvement revenue bond debt service fund A. The board shall establish a school improvement revenue bond debt service fund consisting of monies received by the board pursuant to section 42-5029,  subsection E and section 37-521,  subsection B,  paragraph 1. All monies received pursuant to section 42-5029,  subsection E shall be accounted for separately and shall be used only for debt service of school improvement revenue bonds. All monies received pursuant to section 37-521,  subsection B,  paragraph 1 shall be accounted for separately and shall be used only for debt service of qualified zone academy bonds. B. Monies in the school improvement revenue bond debt service fund may be used only for the purposes authorized by this article. C. The state treasurer or bond trustee shall administer and account for the school improvement revenue bond debt service fund.
AZ Rev Stat § 41-5785 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5785 - Securing principal and interest

41-5785.  Securing principal and interest A. 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. Segregate the school improvement revenue bond debt service fund into one or more accounts and 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 revenue bond debt service fund or into any account or subaccount in the fund. 2. Provide that the bonds issued under this article be secured by a first lien on the monies paid into the school improvement revenue bond debt service fund as provided by section 42-5029,  subsection E,  paragraph 1 and 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 school improvement revenue bond debt service fund,  in any account or subaccount in the fund or in the school improvement revenue bond proceeds fund as is necessary to secure and pay the principal,  the interest and any premium on the bonds as they come due. 3. Establish priorities among bondholders based on criteria adopted by the board. 4. Set aside,  regulate and dispose of reserves and sinking accounts. 5. 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. 6. Provide for paying bond-related expenses from the proceeds of the sale of the bonds or other revenues authorized by this article and available to the board. 7. Provide for the services of trustees,  cotrustees,  agents and consultants and other specialized services with respect to the bonds. 8. Take any other action that in any way may affect the security and protection of the bonds or interest on the bonds. 9. Refund any bonds issued by the board,  if these bonds are secured from the same source of revenues as the bonds authorized by this article,  by issuing new bonds,  whether at or before maturity of the bonds being refunded. 10. Issue bonds partly to refund outstanding bonds and partly for any other purpose consistent with this article. B. Bonds that are issued to refund any bonds that are issued by the board as provided by subsection A,  paragraphs 9 and 10 of this section are not subject to legislative authorization or subject to the $800, 000, 000 limit prescribed by section 41-5781,  subsection A.
AZ Rev Stat § 41-5786 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5786 - Lien of pledge

41-5786.  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 so pledged and received by the board to be placed in the school improvement revenue bond debt service fund are immediately subject to the lien of the pledge without any future physical delivery or further act. Any lien of any pledge is valid and binding against all parties that have claims of any kind against the board,  regardless of whether the parties have notice of the lien. The official resolution or trust indenture 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 § 41-5787 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5787 - Bond purchase; cancellation

41-5787.  Bond purchase;  cancellation The board may purchase bonds for cancellation out of any monies available for the purchase at a price of not more than either of the following: 1. If the bonds are redeemable at the time of the purchase,  the applicable redemption price plus accrued interest to the next interest payment date on the bonds. 2. If the bonds are not redeemable at the time of the purchase,  the applicable redemption price on the first date after the purchase on which the bonds become subject to redemption plus accrued interest to that date.
AZ Rev Stat § 41-5788 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5788 - Payment of revenue bonds

41-5788.  Payment of revenue bonds A. The revenue bonds shall be paid solely from monies from the school improvement revenue bond debt service fund established pursuant to section 41-5784 and other monies that are credited to the school improvement revenue bond debt service fund. B. The state treasurer or the paying agent for the revenue bonds shall cancel all revenue bonds when paid.
AZ Rev Stat § 41-5789 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5789 - Investment of monies in school improvement revenue bond proceeds fund

41-5789.  Investment of monies in school improvement revenue bond proceeds fund A. As provided by section 41-5791,  the board may authorize the state treasurer or bond trustee to invest monies in the school improvement revenue bond proceeds fund established pursuant to section 41-5783. B. The order directing an investment shall state a specified time when the proceeds from the sale of the bonds will be used. The state treasurer or bond trustee shall make the investment in such a way as to mature at the specified date. C. All monies earned as interest or otherwise derived from the investment of the monies in the school improvement revenue bond proceeds fund shall be credited to the school improvement revenue bond debt service fund established by section 41-5784.
AZ Rev Stat § 41-5790 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5790 - Investment of monies in school improvement revenue bond debt service fund

41-5790.  Investment of monies in school improvement revenue bond debt service fund A. The board may authorize the state treasurer or bond trustee to invest and reinvest any monies in the school improvement revenue bond debt service fund as provided by section 41-5791. B. All monies earned as interest or otherwise derived from the investment of the monies in the school improvement revenue bond debt service fund shall be credited to that fund.
AZ Rev Stat § 41-5791 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5791 - Authorized investments of fund monies

41-5791.  Authorized investments of fund monies A. On notice from the board,  the state treasurer or bond trustee shall invest and divest monies in either the school improvement revenue bond proceeds fund or the school improvement revenue bond debt service fund in any of the following: 1. Obligations issued or guaranteed by the United States or any of the senior debt of its agencies,  sponsored agencies,  corporations,  sponsored corporations or instrumentalities. 2. State,  county or municipal bonds that are issued in this state and on which the payments of interest have not been deferred. 3. Investment agreements and repurchase agreements collateralized by investments described in paragraph 1 of this subsection. B. The purchase of the securities shall be made by the state treasurer or bond trustee on authority of a resolution of the board. The treasurer or bond trustee shall act as custodian of all securities purchased. The securities may be sold on an order of the board.
AZ Rev Stat § 41-5792 (2021)
2021 Arizona Revised Statutes|Title 41 - State Government|§ 41-5792 - Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments

41-5792.  Characteristics of bonds;  negotiable;  exemption from taxation;  obligation;  legal investments 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 board. The members of the board and persons executing the bonds are not personally liable for payment of the bonds. 2. Are payable only according to their terms. 3. Do not constitute a debt of this state. 4. 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. 5. 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. 6. 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.