reglab/housing_qa huggingface dataset:
AZ Rev Stat § 40-1123 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1123 - Officers and employees of authority

40-1123.  Officers and employees of authority A. Officers of an authority may consist of the board of directors,  and a general manager,  a general counsel,  a treasurer and a comptroller,  as may be appointed by the board of directors to serve at the pleasure of the board. All other officers,  deputies and employees shall be appointed by the board or its designee. B. The oath of office of all officers appointed by the board of directors or by the general manager of the authority shall be taken,  subscribed,  and filed with the secretary of the authority any time after the officer has notice of his appointment but not later than fifteen days after the commencement of his term of office. No other filing shall be required. C. The general manager shall serve full time. D. The general counsel shall be a person admitted to practice law in the state of Arizona and shall have been engaged in the practice of law for not less than seven years next preceding his appointment. E. The person appointed comptroller shall have been actively engaged in the practice of accounting for not less than three years next preceding his appointment. F. The treasurer shall be the custodian of the funds of the authority and shall make payments only upon warrants duly and regularly signed by the president or vice president of the board or other person authorized by the board so to do,  and by the secretary or general manager. The treasurer shall keep an account of all receipts and disbursements. The treasurer shall furnish,  at the expense of the originating political subdivision or subdivisions,  a bond in the amount of fifty thousand dollars. The bond shall be conditioned upon the proper discharge of the powers and duties by the treasurer in accordance with the provisions of this article. The bond shall be approved by the attorney general and the board of directors of the authority and kept on file in the office of the board of directors.
AZ Rev Stat § 40-1125 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1125 - Cooperation with state or other agencies

40-1125.  Cooperation with state or other agencies An authority may cooperate with and enter into agreements with the state of Arizona or any public agency for the acquisition,  construction,  improvement,  completion,  maintenance,  operation or repair,  joint or otherwise,  and in whole or in part,  of public transportation facilities and equipment,  and for study and planning thereof. In connection with any such cooperation or contract,  the state or any public agency may make public contributions to the authority as in the judgment of the legislature,  or the governing board of the agency,  are necessary or proper for its undertaking,  and the authority may reimburse the state or public agency for any such advance or contribution from the proceeds of the sale of bonds or any other funds available to the authority. The state or any public agency may also authorize,  aid and assist the authority to carry out any activity which the state or public agency is by law authorized to perform and carry out in its own behalf.
AZ Rev Stat § 40-1126 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1126 - Cooperation with federal government

40-1126.  Cooperation with federal government An authority may contract for and cooperate with and may accept grants,  contributions,  or loans directly through the sale of securities or equipment,  trust certificates,  or otherwise,  from the United States,  or any department,  instrumentality,  or agency thereof,  for the purpose of financing the acquisition,  construction,  improvement,  maintenance and operation of transportation facilities and equipment or for the study and planning thereof,  in accordance with any legislation which Congress may have heretofore adopted or may hereafter adopt,  under which aid,  assistance and cooperation may be furnished by the United States in the acquisition,  construction,  improvement,  maintenance and operation or in the financing of the acquisition,  construction,  improvement,  maintenance and operation of any such transit facility or equipment. An authority,  in dealing with the federal government or agencies thereof,  may waive any privilege or immunity if such action is deemed in the best interest of the authority.
AZ Rev Stat § 40-1127 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1127 - Rates and charges

40-1127.  Rates and charges The rates and charges for service furnished pursuant to this article shall be determined by vote of the majority of all of the members of the board. Such rates shall be reasonable,  and,  insofar as is practical,  the revenue derived therefrom shall be sufficient to pay,  in the following priority: 1. Interest and principal of the bonds,  subject to the applicable provisions of this chapter authorizing issuance and retirement of bonds. 2. Operating expenses of the authority. 3. Repairs,  maintenance and depreciation of works and property owned or operated by the authority. 4. Amounts necessary for the purchase,  lease,  or acquisition of property and equipment. 5. Amounts necessary for the payment of contracts,  agreements,  leases and other legal liabilities entered into by the authority.
AZ Rev Stat § 40-1128 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1128 - Dissolution of authority

40-1128.  Dissolution of authority Whenever the board of directors of an authority,  by resolution,  determines that the purposes for which the authority was formed have been substantially complied with,  that the need for the authority has terminated,  and that all obligations incurred by the authority have been fully paid,  the members of the board of directors of the authority shall,  upon concurrence by resolution of the governing body creating the authority,  thereupon dissolve the authority in accordance with provisions of title 10. A certificate of dissolution of the authority shall be filed for record with the secretary of state. Upon dissolution all property and funds of the authority shall revert to and be the property of the creating political subdivision or subdivisions in the proportion that the population of each contracting political subdivision bears to the total population of the area of the authority.
AZ Rev Stat § 40-1131 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1131 - Bonds

40-1131.  Bonds A. For the purpose of acquiring,  improving,  enlarging or extending a transit system,  the authority may issue self-liquidating revenue bonds. Bonds issued under this article shall be authorized by resolution of the board and may be issued in one or more series and shall bear the date of their issuance,  mature at such time or times during a period of not to exceed thirty years from date of issuance,  be in such denomination or denominations and in the form,  coupon,  registered,  or registered as to principal only,  carry the conversion or registration privileges,  have the rank or priority,  be executed in the manner,  payable in the medium of payment,  at the place or places and subject to the terms of redemption,  with or without premium,  as the resolution may provide,  the total principle amount of all such bonds of the authority shall not exceed at any time the sum of two million dollars. Notwithstanding any provisions of law to the contrary,  bonds issued pursuant to this section are negotiable. B. The bonds shall provide that: 1. No holder may compel the authority or any municipality the area or a portion of the area of which is included in the operating area thereof to exercise its ad valorem taxing power. 2. The bond does not constitute a debt of the authority and is payable only from revenues from the operation of the authority and its equipment and facilities. C. The bonds may be sold at public or private sale,  at not less than the par value thereof with all accrued interest to date of delivery. In the event such bonds are sold at public sale,  the board shall call for bids by publishing a notice inviting proposals for the purchase of the bonds at least once a week for two successive weeks prior to the date fixed for sale of the bonds,  in a daily or weekly newspaper,  published and of general circulation in the involved county and designated for such purpose,  which notice shall be in the form the board shall prescribe. Pending preparation of the definitive bonds,  interim receipts or certificates may be issued to the purchaser of the bonds in the form and containing the provisions determined by the board.
AZ Rev Stat § 40-1132 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1132 - Power to secure bonds; reimbursement for advance

40-1132.  Power to secure bonds;  reimbursement for advance A. The board,  in connection with the issuance of bonds and in order to secure the payment of the bonds and the interest thereon,  shall have power by resolution: 1. To fix and maintain fees and other charges on equipment and facilities of or operated on behalf of the authority. 2. To provide that the bonds issued hereunder may be secured by a first and exclusive lien on the income and revenues derived from,  and shall be payable from fees,  and other charges on equipment and facilities of or operated on behalf of the authority as provided in paragraph 1. 3. To pledge and assign to or in trust for the benefit of the holder or the holders of bonds any part of the metropolitan public transit authority revenues as will be necessary to pay the principal of and interest on the bonds as the same become due. 4. To covenant with or for the benefit of the holder or holders of bonds issued hereunder,  that so long as any of the bonds remain outstanding and unpaid,  the board will prescribe fees and other charges on equipment and facilities of or operated on behalf of the authority and will revise the same when necessary so that the project for which the bonds are issued shall be self-supporting. B. An authority may reimburse the state or a public agency for any advance or contribution from the proceeds of the sale of bonds or any other funds available to the authority as provided for in section 40-1125.
AZ Rev Stat § 40-1133 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1133 - Provision of bond resolution; covenants

40-1133.  Provision of bond resolution;  covenants A. A resolution pertaining to issuance of bonds under this article may contain covenants as to: 1. The purpose to which the proceeds of sale of the bonds may be applied and to the use and disposition thereof. 2. The use and disposition of the revenues of the project for which the bonds are to be issued. 3. The issuance of other or additional bonds,  payable from the revenue received from the operation of the authority and its equipment and facilities. 4. The operation and maintenance of the authority and its equipment and facilities. 5. The insurance to be carried thereon and the use and disposition of insurance monies. 6. The use of capitalized interest,  reserve and sinking funds and any other funds as the authority deems necessary to the proper handling of authority monies. 7. Books of account and the inspection and audit thereof. 8. The terms and conditions upon which the holders of the bonds,  or any proportion of them,  or a trustee therefor,  shall be entitled to the appointment of a receiver,  who may enter and take possession of the authority's records,  equipment and facilities,  operate and maintain it,  prescribe charges,  fees and rentals and collect,  receive and apply all revenues therefrom thereafter arising in the same manner as the board itself might do,  until such time as the terms and conditions of the bonds are satisfied,  at which time the receiver shall return possession of the authority and its equipment and facilities to the board. B. The provisions of this article and any such resolution shall be deemed a contract with the holders of the bonds,  and the duties of the board under this article and resolution shall be enforceable by mandamus or other appropriate action in a court of competent jurisdiction. C. Neither the members of the board nor any person executing the bonds shall be personally liable for the payment of the bonds.
AZ Rev Stat § 40-1134 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1134 - Validity of bonds

40-1134.  Validity of bonds A. Bonds issued under this article and bearing the signatures of officers in office on the date of the signing thereof shall be valid and binding obligations,  notwithstanding that before the delivery thereof and payment therefor any or all of the persons whose signatures appear thereon have ceased to be officers of the board. B. The validity of the bonds shall not be dependent on or affected by the validity or regularity of any proceedings relating to the construction,  acquisition,  improvement,  reconstruction or extension of the facilities of the authority from the proceeds of the sale of the bonds or the proceedings taken in connection therewith.
AZ Rev Stat § 40-1135 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1135 - Prior lien of bonds

40-1135.  Prior lien of bonds A. Except as otherwise provided in the resolution authorizing the bonds,  all bonds of the same issue under this article shall have a prior and paramount lien on the revenues of the authority and its equipment and facilities for which the bonds have been issued over and ahead of bonds of an issue payable from that revenue which may be subsequently authorized,  and over and ahead of claims or other obligations of any nature against that revenue subsequently arising or subsequently incurred. B. Bonds of the same issue issued under this article shall be equally and ratably secured,  without priority by reason of number,  date,  sale,  execution or delivery,  by a lien on the revenue in accordance with the terms of the resolution authorizing the bonds.
AZ Rev Stat § 40-1136 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1136 - Bond obligations of the metropolitan public transit authority

40-1136.  Bond obligations of the metropolitan public transit authority All bonds issued pursuant to this article shall be obligations of the authority issuing such bonds,  and payable only in accordance with the terms thereof and shall not be obligations general,  special or otherwise of the state of Arizona or any county or municipality thereof. Such bonds shall not constitute a legal debt of the state of Arizona or any county or municipality thereof,  and shall not be enforceable out of any funds of the authority other than the income and revenue pledged and assigned to,  or in trust for the benefit of,  the holder or holders of such bonds.
AZ Rev Stat § 40-1137 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1137 - Bonds as legal investments

40-1137.  Bonds as legal investments Bonds issued under the provisions of this article are made securities in which all public officers and bodies of the state and all municipalities and political subdivisions of this state,  all insurance companies and associations and other persons carrying on an insurance business,  all banks,  bankers,  trust companies,  savings banks and savings associations,  including savings and loan associations,  building and loan associations,  investment companies and other persons carrying on a banking business,  all administrators,  guardians,  executors,  trustees and other fiduciaries and all other persons whomever are now or may hereafter be authorized to invest in bonds or other obligations of the state,  may properly and legally invest funds including capital in their control or belonging to them. The bonds are also made securities which may be deposited with and may be received by all public officers and bodies of the state and all municipalities and political subdivisions of this state for any purpose for which the deposit of bonds or other obligations of the state is now or may hereafter be authorized.
AZ Rev Stat § 40-1138 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1138 - Limitation on indebtedness

40-1138.  Limitation on indebtedness An authority shall not incur an indebtedness which exceeds one million dollars. As used in this section,  " indebtedness"  includes,  without limitation,  any and all forms thereof which an authority is authorized to incur by this article or by any other law.
AZ Rev Stat § 40-1139 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1139 - Annual financial statement of authority; estimate of expenses; notice of hearing on estimate

40-1139.  Annual financial statement of authority;  estimate of expenses;  notice of hearing on estimate A. The board of directors of each metropolitan public transit authority,  on or before the third Monday in July each year,  shall prepare a full and complete statement of the financial affairs for the preceding fiscal year and an estimate of the different amounts which will be required to meet the expense for the current fiscal year. The estimate shall include an estimate of the amount of money required for each item of expenditure necessary for authority purposes,  the amounts necessary to pay the interest and principal of outstanding bonds,  the items and amounts of levy provided by law and an amount for unanticipated contingencies or emergencies. B. The estimate shall be entered upon the minutes of the board and shall be fully itemized showing under separate heads the following: 1. The amounts estimated as required for each department,  office or official,  for each improvement,  for the maintenance of structures and institutions and for the salaries of officers. 2. The separate amounts proposed for construction,  maintenance,  engineering and administration of the facilities of the authority. 3. A full and complete disclosure and statement of the contemplated expenditures for the ensuing year,  showing the amount proposed to be expended from each separate fund and the total amount of proposed expense. C. The estimate shall also contain: 1. A statement of the receipts for the previous year from sources other than direct property taxes. 2. The amounts estimated to be received during the current fiscal year from sources other than direct property taxes. 3. The amounts actually levied and the amounts actually collected for authority purposes upon the tax rolls of the previous fiscal year. 4. The amount proposed to be raised by direct property taxation for the current fiscal year. D. The estimate required by this section shall be published with a notice that the board will hold a hearing on such estimate for the purposes provided in section 40-1140. Such publication shall be once a week for at least two consecutive weeks in the official newspaper of the county,  if there is one,  and if not,  in a newspaper of general circulation therein.
AZ Rev Stat § 40-1140 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1140 - Hearing on estimates; adoption of proposed budget

40-1140.  Hearing on estimates;  adoption of proposed budget A. The board of directors of each metropolitan public transit authority shall meet on the day designated in the notice provided by subsection D of section 40-1139,  and any taxpayer may appear and be heard in favor of or against any proposed expenditure or tax levy. B. When the hearing is concluded,  the governing board shall determine and adopt estimates of proposed expenditures for the various purposes set forth in the published proposal and such adopted estimates shall constitute the budget of the authority for the current fiscal year. C. The total amounts in the budget proposed for expenditure shall not exceed the total of amounts proposed for expenditure in the published estimates. D. No expenditures shall be made for a purpose not included in such budget,  and no expenditure shall be made,  nor debt,  obligation or liability incurred or created in any fiscal year in excess of the amount specified for each purpose in the budget for such fiscal year as adopted. E. The board of directors shall file,  in writing,  with the board of supervisors its estimate of the amount of money required by the authority for the ensuing year. If the board of directors determines that the estimated amount to be received from the anticipated revenue of the authority will not produce the amount of money budgeted the board of directors shall include with the estimate the additional amount needed for the authority and shall certify such amount to the board of supervisors at the time of filing the estimate.
AZ Rev Stat § 40-1141 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1141 - Metropolitan public transit authority levy

40-1141.  Metropolitan public transit authority levy The board of supervisors of each county where a metropolitan public transit authority has been established shall annually,  at the time of levying other taxes,  levy a metropolitan public transit authority tax on the property in the area of a public transit authority in which an additional amount is required,  as determined by the authority pursuant to section 40-1140. The tax shall be at a rate sufficient to provide the additional amount. The tax shall be added to and collected in the same manner as other county taxes on the property within the area of the authority. The amount of the metropolitan public transit authority tax levied upon the property in the area of a particular authority shall be paid to the treasurer of such authority.
AZ Rev Stat § 40-1142 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1142 - Investment of funds by board

40-1142.  Investment of funds by board The board may,  by resolution,  order that any of the monies in the funds under its control which are not necessary for current operating expenses be invested in any obligation,  bonds or securities in which a city or county could invest such funds,  provided that: 1. Any such investment shall be made in such a manner that the monies in such funds will be available at the times and in the amounts necessary to accomplish the purpose for which such funds were established. 2. No such investment shall be made in contravention of any provision or covenant in any proceedings for the authorization and issuance of bonds,  notes,  contracts or other evidences of indebtedness.
AZ Rev Stat § 40-1143 (2021)
2021 Arizona Revised Statutes|Title 40 - Public Utilities and Carriers|§ 40-1143 - Bids required by board; exception

40-1143.  Bids required by board;  exception The purchase of all supplies,  equipment and materials,  and construction facilities and works,  when the expenditure required exceeds two thousand five hundred dollars shall be by contract let to the lowest responsible bidder. Notice requesting bids shall be published in a newspaper of general circulation in the area at least once and not less than ten days prior to expiration of the period within which bids shall be received. The board may reject any and all bids and readvertise at its discretion. If,  after rejecting bids,  the board determines and declares by vote of two-thirds of all its members that in its opinion supplies,  equipment and materials may be purchased at a lower price on the open market,  the board may proceed to purchase the same in the open market without further observances of the provisions requiring contracts,  bids or notice. Contracts,  in writing or otherwise,  may be let without advertising for or inviting bids when any repairs,  alterations or other work or for the purchase of materials,  supplies,  equipment or other property shall be deemed by the board of directors to be of urgent necessity,  and shall be authorized by a two-thirds vote of the entire board membership.