reglab/housing_qa huggingface dataset:
AZ Rev Stat § 35-773 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-773 - State program; representative; plan approval; bond rating

35-773.  State program;  representative;  plan approval;  bond rating A. All industrial development authorities are authorized to exercise powers and issue revenue bonds to finance student loans in accordance with this chapter so that the state's student loan program is available for eligible students at educational institutions as a student loan program of general application in this state and approved by this state. B. The state program representative shall approve or disapprove a plan submitted under section 35-772,  with or without a hearing,  not later than thirty days after receipt of the plan and shall promptly notify the corporation that submitted the plan of the approval or disapproval. If the state program representative does not notify the corporation that submitted the plan of the approval or disapproval within forty-five days after receiving the plan,  the plan is deemed approved. Approval of a plan constitutes a finding by the state program representative that: 1. The origination or acquisition of student loans by the corporation or its agent or agents,  a qualified educational institution or an eligible lender to eligible students or their parents will assist the students in attending an educational institution and financing the student's education. 2. Adequate provision has been or will be made for the payment of the principal of or interest on any bonds issued by the corporation to finance the loan program and for the reasonable expenses of the administration of the loan program. 3. The proposed procedures for application of the bond proceeds,  the collection of payments,  interest charges and any other matters concerning the administration of the loan program are in conformance with the laws of this state. C. If the bonds are rated in the " A"  category or better,  without regard to modifiers within the " A"  category,  by a nationally recognized bond rating agency,  that rating is conclusive proof that adequate provision for payment has been made pursuant to subsection B,  paragraph 2 of this section.
AZ Rev Stat § 35-801 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-801 - Definitions

35-801.  Definitions In this chapter,  unless the context otherwise requires: 1. " Corporation"  means any pollution control corporation incorporated by a municipality or county pursuant to the provisions of this chapter. Any such corporation when formed shall be a political subdivision of the state and have only such governmental powers as are set forth in this chapter. 2. " County"  means any county in this state in which a corporation may be organized and in which it is contemplated the corporation will function. 3. " Governing body"  means the board or body in which the general powers of the municipality or the county are vested. 4. " Municipality"  means any incorporated city or town,  including charter cities,  in this state in which a corporation may be organized and in which it is contemplated the corporation will function. 5. " Pollution control facilities"  means real and personal properties including but not limited to machinery and equipment,  whether or not now in existence or under construction,  which are used in whole or in part to control,  prevent,  abate,  alter,  dispose or store,  solid waste,  thermal,  noise,  atmospheric or water pollutants,  contaminants or products therefrom,  whether such facilities serve one or more purposes or functions in addition to controlling,  preventing,  abating,  altering,  disposing or storing such pollutants,  contaminants or the products therefrom.
AZ Rev Stat § 35-802 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-802 - Proceedings to incorporate pollution control corporations

35-802.  Proceedings to incorporate pollution control corporations A. Any three or more natural persons,  each of whom is a qualified elector of the municipality or the county,  may file with the clerk of the governing body thereof written application for permission to incorporate a pollution control corporation for such municipality or county. The governing body shall approve or reject such application within thirty days after the filing date. If the governing body determines that it is advisable for the corporation to be formed it shall adopt a resolution approving the application and authorizing the persons making application to proceed with incorporation as prescribed by this chapter. No corporation may be formed unless an application first has been approved by the governing body having jurisdiction as provided in this section. B. The number of corporations to be formed in any municipality or county hereunder shall not exceed the number deemed advisable by the governing body thereof to accomplish the purposes of this title.
AZ Rev Stat § 35-803 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-803 - Articles of incorporation of pollution control corporations

35-803.  Articles of incorporation of pollution control corporations In addition to the requirements of title 10,  the articles of incorporation shall set forth: 1. The names and residences of the applicants and a statement that each is an elector of the municipality or county. 2. The name of the corporation,  which shall include the words " pollution control corporation"  and the name of the authorizing county or municipality. 3. A statement that approval for incorporation has been granted by the governing body of the municipality or county and the date of approval. 4. The location of the principal office of the corporation,  which shall be in the municipality or county.
AZ Rev Stat § 35-804 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-804 - Amendment to articles

35-804.  Amendment to articles The articles of incorporation may be amended,  provided that a majority of the members of the board of directors of the corporation first shall file with the governing body a written application seeking permission to amend the articles and specifying the amendment proposed to be made. The governing body shall approve or reject the application within thirty days following the filing date. If it approves the proposed amendment,  it shall adopt a resolution authorizing the directors to amend the articles in accordance with the provisions of title 10.
AZ Rev Stat § 35-805 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-805 - Board of directors

35-805.  Board of directors The corporation shall have a board of directors in which all powers of the corporation shall be vested and which shall consist of not less than three nor more than nine directors,  all of whom shall be duly qualified electors of the municipality or county in which the corporation was formed. Decisions of the board of directors shall be by majority vote. The directors shall serve without compensation except that they shall be reimbursed for their actual expenses incurred in the performance of their duties. No director shall be an officer or employee of the authorizing municipality or county. The initial directors shall be elected by the incorporators of the corporation. Directors shall hold office for overlapping terms. At the time of the election of the first board of directors the directors shall be divided into three groups containing as nearly equal numbers as possible. The first term of the directors included in the first group shall be two years,  the first term of the directors included in the second group shall be four years,  the first term of the directors included in the third group shall be six years. The terms of all directors thereafter shall be six years. The directors shall elect their successors and fill vacancies in the board of directors,  subject to the approval of the governing body of the authorizing county or municipality.
AZ Rev Stat § 35-806 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-806 - Corporate powers

35-806.  Corporate powers A. In addition to the powers granted corporations by title 10,  or otherwise,  the corporation shall have the following powers,  together with all powers incidental thereto or necessary or convenient for the performance of the following: 1. To issue bonds to carry out any of its purposes. 2. To pay compensation for professional and other services as the board of directors shall deem necessary for the business of the corporation. 3. To acquire by purchase,  exchange,  gift,  lease or otherwise and to construct,  improve and equip pollution control facilities. 4. To sell for cash or terms,  exchange and convey pollution control facilities whenever its board of directors finds such action to be in furtherance of the purposes of the corporation. 5. To lease pollution control facilities and collect rent therefor and terminate any such lease upon the failure of the lessee to comply with any of the lease obligations. 6. To make secured or unsecured loans for the purpose of financing or refinancing the acquisition,  construction,  improvement or equipping of pollution control facilities,  to charge and collect interest on such loans and pledge the proceeds of loan agreements as security for the payment of the principal and interest of bonds,  or designated issues of bonds,  issued by the corporation and any agreements made in connection therewith,  whenever the board of directors finds such loans to be in furtherance of the purposes of the corporation. 7. To mortgage,  pledge or otherwise encumber any or all of its properties,  or any part or parts thereof,  whether then owned or later acquired and to pledge the revenues and receipts from such properties as security for the payment of the principal and interest of bonds or designated issues of bonds,  issued by the corporation and any agreements made in connection therewith. 8. To invest funds of the corporation as the board of directors shall direct. 9. To acquire and hold obligations of any kind to carry out any of its purposes. 10. To enter into contracts and execute any agreements or instrument and do any other act necessary or appropriate to carry out its purposes. B. The corporation shall not have the power to operate any pollution control facility as a business other than as lessor.
AZ Rev Stat § 35-807 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-807 - Earnings of the corporation

35-807.  Earnings of the corporation The corporation shall be a nonprofit corporation and no part of its net earnings remaining after payment of its debts and expenses shall inure to the benefit of any individual,  firm or corporation.
AZ Rev Stat § 35-808 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-808 - Dissolution of corporation

35-808.  Dissolution of corporation Whenever the board of directors of the corporation shall determine that the purpose for which the corporation was formed has been substantially accomplished and that all issued bonds and other obligations of the corporation have been fully paid,  the members of the board of directors of the corporation shall thereupon dissolve the corporation in accordance with the provisions of title 10,  and any properties of the corporation shall be distributed and vest in the municipality or county.
AZ Rev Stat § 35-809 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-809 - Recordation of documents

35-809.  Recordation of documents The articles of incorporation and the certificate of dissolution of the corporation shall be filed for record with the corporation commission.
AZ Rev Stat § 35-810 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-810 - Chapter cumulative; no notice required

35-810.  Chapter cumulative;  no notice required A. This chapter shall not be construed as a restriction or limitation upon any powers which the corporation otherwise might have under any laws of this state,  but shall be construed as cumulative of any such powers. Except as provided in title 44,  chapter 12,  article 4,  no proceedings,  notice or approval shall be required for the issuance of any bonds of the corporation or any security therefor,  except as provided in this chapter,  any other law to the contrary notwithstanding,  provided that nothing in this chapter shall be construed to deprive the state and its governmental subdivisions of their respective police powers over any properties of the corporation or to impair any powers of any official or agency of the state and its governmental subdivisions. B. Pollution control facilities may be financed,  refinanced,  purchased,  constructed,  leased,  improved,  extended and disposed of pursuant to this chapter,  and bonds may be issued under this chapter for any of such purposes,  notwithstanding that any other law may also provide for the acquisition,  purchase,  construction,  improvement and extension or disposition of a similar project or for the issuance of bonds for like purposes and with the exception of the requirements imposed pursuant to title 44,  chapter 12,  article 4,  without regard to the requirements,  restrictions,  limitations or other provisions contained in any other law. Insofar as the provisions of this chapter are inconsistent with any other law of this state,  the provisions of this chapter shall be controlling,  except that the provisions of this chapter shall in no manner diminish the power of any corporation or authority formed under the provisions of chapter 5 of this title,  or impair or diminish any rights,  privileges and immunities of a corporation formed thereunder and any such corporation or authority organized under chapter 5 of this title shall be authorized to issue bonds hereunder for pollution control facilities and shall,  in addition to the powers conferred by chapter 5 of this title,  have all powers conferred by the provisions of this chapter. The provisions of title 34 and this title have no application to corporations or their activities or property or to transactions entered into by them or on their behalf in accordance with this chapter or in the exercise of powers conferred upon them by law or this chapter.
AZ Rev Stat § 35-831 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-831 - Exemption from taxation

35-831.  Exemption from taxation The corporation and its income and all bonds issued by it and the income therefrom shall be exempt from all taxation in this state,  except that property of the corporation shall be subject to all applicable ad valorem taxes. If such property is leased,  such ad valorem taxes shall be charged to the lessee as fully as if the lessee were the owner of such leased property.
AZ Rev Stat § 35-832 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-832 - Municipality or county not liable

35-832.  Municipality or county not liable The municipality or the county shall not in any event be liable for the payment of the principal or interest of any bonds of the corporation or for the performance of any pledge,  mortgage,  obligation or agreement of any kind whatsoever which may be undertaken by the corporation,  and none of the bonds of the corporation or any of its agreements or obligations shall be construed to constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory provisions of this state whatsoever.
AZ Rev Stat § 35-841 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 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 any agency,  department or instrumentality thereof.
AZ Rev Stat § 35-902 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 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 percent of the state ceiling is allocated to projects that are designated at the sole discretion of the director. C. Thirty-five percent of the state ceiling is allocated to qualified mortgage revenue bonds and qualified mortgage credit certificate programs,  excluding any such bonds and certificate programs for home improvement and rehabilitation. D. Fifteen percent of the state ceiling is allocated to qualified residential rental projects as described in the United States internal revenue code of 1986. E. Five percent of the state ceiling is allocated to qualified student loan projects. F. Five percent of the state ceiling is allocated to manufacturing projects. G. Ten percent of the state ceiling is allocated to all projects financable through issuance of bonds that require an allocation of state ceiling and that are not described and provided for in subsections C,  D,  E and F of this section. Such projects include,  but are not limited to,  qualified mortgage revenue bonds and qualified mortgage credit certificate programs for home improvement and rehabilitation. H. A request shall not be filed and a confirmation shall not be issued to a project unless the project is subject to section 146 of the code. No project is deemed to have been allocated any portion of the state ceiling unless,  in connection with the project,  this chapter has been substantially complied with. I. Any request on file with the authority for which a confirmation has not been issued by 5:00 p.m. on March 31,  other than a request for an allocation pursuant to subsection B of this section,  is deemed to have expired at 5:00 p.m. on March 31. All or any part of any confirmation for which bonds have not been issued or for which a qualified mortgage credit certificate program has not been established by 5:00 p.m. on March 31,  evidenced by the filing of a certificate of closing with the authority,  or for which confirmations have not been extended pursuant to section 35-910,  is deemed to have expired. J. At any given time,  an issuer,  or an issuer together with one or more other issuers,  may not file more than one request for each project,  except that the authority may satisfy an allocation request from one or more categories of projects as described in subsection B,  C,  D,  E,  F or G of this section. This subsection does not prohibit an issuer from refiling a request for a given project if a prior request has expired or filing a request for each separate and distinct project. K. An issuer may not transfer or assign its rights to an allocation of state ceiling from one project to another project or from itself to another issuer.
AZ Rev Stat § 35-903 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-903 - Arizona finance authority designated as state registry; fee

35-903.  Arizona finance authority designated as state registry;  fee A. The Arizona finance authority is designated as the exclusive state registry for: 1. Requests. 2. Recordation of confirmations,  whether outstanding or lapsed. 3. Certificates of closing. 4. Recordation of all requests for carry-forward amounts for specific projects. 5. Other records required for the administration of this chapter. B. The authority shall develop and maintain separate lists for urban cities,  nonurban areas,  statewide uses and the aggregate for all categories that summarize all information received pursuant to subsection A of this section. C. Requests and confirmations adopted or issued under this chapter shall be dated and numbered by the director in the order received and issued,  and each item shall be independently entered on the proper list. Each list shall be composed in a manner sufficient to show,  at any time: 1. The dollar amount of confirmations outstanding and not then lapsed. 2. The dollar amount of the remaining allocation then available. 3. The amount of confirmations actually closed. D. The authority may assess an application fee for processing the requests.
AZ Rev Stat § 35-905 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-905 - Restrictions on confirmations; definition

35-905.  Restrictions on confirmations;  definition A. Before December 17,  a confirmation shall not be allocated to a project in an amount greater than thirty-five million dollars,  except that this subsection does not apply to any project that is eligible to receive an allocation pursuant to section 35-902,  subsection B,  C or E. For the purposes of this section,  the amount of allocation to a project shall also include any other state ceiling allocation received by any related person to the project.  B. For the purposes of this section,  " related person"  has the same meaning as provided in section 147(a)(2) of the code,  except that all references to fifty percent shall be changed to twenty-five percent.
AZ Rev Stat § 35-906 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-906 - Allocations obtained after March 31 through 5:00 p.m. December 16

35-906.  Allocations obtained after March 31 through 5:00 p.m. December 16 A. Any portions of the state ceiling,  including any portions of the state ceiling subject to a confirmation for which bonds have not been issued or for which a qualified mortgage credit certificate program has not been established by 5:00 p.m. on March 31,  other than confirmations extended pursuant to section 35-910 and the state ceiling allocated to the discretion of the director pursuant to section 35-902,  subsection B,  shall be pooled and are subject to allocation among requests on a first come,  first served basis. B. Obtaining and issuing confirmations on or after April 1 through 5:00 p.m. December 16 shall occur as provided in section 35-904,  subject to the following restrictions and changes: 1. Requests may be filed on or after April 1 of each year. 2. A confirmation issued on or after April 1 through 5:00 p.m. December 16 expires and no issuer is deemed to have been allocated any portion of the state ceiling unless the issuer's bonds have been issued or a qualified mortgage credit certificate program has been established and a certificate of closing has been actually filed,  and not merely postmarked,  with the authority no later than ninety days after the date of the confirmation or the first business day after the ninetieth day if the ninetieth day is not a business day,  or before 5:00 p.m. December 16,  whichever occurs first. The confirmation may be extended as provided in section 35-910. 3. Before the director issues the confirmation,  the authority must receive a security deposit in the amount of one percent of the principal amount stated in the request. The security deposit is forfeited to the authority if the bonds are not issued before the expiration of the confirmation or any extension. The security deposit shall not be required pursuant to this paragraph if the direct beneficiary of the bond proceeds is this state or a county,  city,  town or nonprofit entity,  the issuer is a student loan corporation or the project will include urban development action grant or housing development grant financing,  is a qualified mortgage revenue bond or is a qualified mortgage credit certificate program.