reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-392 - State treasurer and retirement system divestments; policy notices

35-392.
State treasurer and retirement system divestments;  policy notices
A. The state board of investment,  the Arizona state retirement system board and the board of trustees of the public safety personnel retirement system shall each adopt a policy,  and submit a copy of the policy to the president of the senate and the speaker of the house of representatives,  regarding the countries identified as those countries currently designated by the United States department of state as state sponsors of terrorism. The policy shall include:
1. The procedure to identify United States companies that are in violation of section 6(j) of the export administration act.
2. The process for communicating with the companies and appropriate federal officials,  including this state's congressional delegation,  in regard to its findings pursuant to this section.
3. The process for divestment from the companies that are identified pursuant to paragraph 1.
B. The state treasurer,  the Arizona state retirement system board and the board of trustees of the public safety personnel retirement system shall divest from those companies,  based on public information,  identified pursuant to subsection A,  paragraph 1.
C. The state treasurer,  the Arizona state retirement system board and the board of trustees of the public safety personnel retirement system shall notify the governor,  the president of the senate,  the speaker of the house of representatives,  the director of the department of administration and each other of any divestments and the reasons for the divestments.
D. Within fourteen days after receipt of the notice pursuant to subsection C,  the director of the department of administration shall send notice to the company indicating that this state and its political subdivisions are prohibited from purchasing any product or service from the company until the company is no longer identified pursuant to subsection A,  paragraph 1.
E. The prohibition in subsection D does not apply to any existing contract but does apply to any renewal of a contract.
F. This section applies to all affiliated companies and subsidiaries of the company.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-393 - Definitions

35-393.
Definitions
In this article,  unless the context otherwise requires:
1. " Boycott"  means engaging in a refusal to deal,  terminating business activities or performing other actions that are intended to limit commercial relations with entities doing business in Israel or in territories controlled by Israel,  if those actions are taken either:
(a) Based in part on the fact that the entity does business in Israel or in territories controlled by Israel.
(b) In a manner that discriminates on the basis of nationality,  national origin or religion and that is not based on a valid business reason.
2. " Company"  means an organization,  association,  corporation,  partnership,  joint venture,  limited partnership,  limited liability partnership,  limited liability company or other entity or business association,  including a wholly owned subsidiary,  majority-owned subsidiary,  parent company or affiliate,  that engages in for-profit activity and that has ten or more full-time employees.
3. " Direct holdings"  means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.
4. " Indirect holdings"  means all securities of a company that are held in an account or fund,  including a mutual fund,  that is managed by one or more persons who are not employed by the state treasurer or a retirement system,  if the state treasurer or retirement system owns shares or interests either:
(a) Together with other investors that are not subject to this section.
(b) That are held in an index fund.
5. " Public entity" :
(a) Means this state,  a political subdivision of this state or an agency,  board,  commission or department of this state or a political subdivision of this state.
(b) Includes the universities under the jurisdiction of the Arizona board of regents and community college districts as defined in section 15-1401.
6. " Public fund"  means the state treasurer or a retirement system.
7. " Restricted companies"  means companies that boycott Israel.
8. " Retirement system"  means a retirement plan or system that is established by or pursuant to title 38.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-393.01 - Contracting; procurement; investment; prohibitions

35-393.01.
Contracting;  procurement;  investment;  prohibitions
A. A public entity may not enter into a contract with a value of $100, 000 or more with a company to acquire or dispose of services,  supplies,  information technology or construction unless the contract includes a written certification that the company is not currently engaged in,  and agrees for the duration of the contract to not engage in,  a boycott of goods or services from Israel.
B. A public entity may not adopt a procurement,  investment or other policy that has the effect of inducing or requiring a person or company to boycott Israel.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-393.03 - Applicability; severability

35-393.03.
Applicability;  severability
A. This article does not apply to a boycott prohibited by 50 United States Code section 4842 or a regulation issued pursuant to that section.
B. If any provision of this article or its application to any person or circumstance is held invalid,  the invalidity does not affect any other provision or application of this article that can be given effect without the invalid provision or application,  and to this end the provisions of this article are severable.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-394 - Contracting; procurement; prohibition; written certification; remedy; termination; exception; definitions

35-394.
Contracting;  procurement;  prohibition;  written certification;  remedy;  termination;  exception;  definitions
A. A public entity may not enter into or renew a contract with a company to acquire or dispose of services,  supplies,  information technology,  goods or construction unless the contract includes a written certification that the company does not currently,  and agrees for the duration of the contract that it will not,  use:
1. The forced labor of ethnic Uyghurs in the People's Republic of China.
2. Any goods or services produced by the forced labor of ethnic Uyghurs in the People's Republic of China.
3. Any contractors,  subcontractors or suppliers that use the forced labor or any goods or services produced by the forced labor of ethnic Uyghurs in the People's Republic of China.
B. If a company that has provided a written certification pursuant to subsection A of this section becomes aware during the term of the contract that the company is not in compliance with the written certification,  the company shall notify the public entity within five business days after becoming aware of the noncompliance. If the company does not provide the public entity with a written certification that the company has remedied the noncompliance within one hundred eighty days after notifying the public entity of the noncompliance,  the contract terminates,  except that If the contract termination date occurs before the end of the remedy period,  the contract terminates on the contract termination date.
C. This section does not apply to a contract entered into before September 24,  2022.
D. For the purposes of this section:
1. " Company"  means an organization,  association,  corporation,  partnership,  joint venture,  limited partnership,  limited liability partnership,  limited liability company or other entity or business association,  including a wholly owned subsidiary,  majority-owned subsidiary,  parent company or affiliate,  that engages in for-profit activity and that has ten or more full-time employees.
2. " Public entity"  means this state,  a political subdivision of this state or an agency,  board,  commission or department of this state or a political subdivision of this state.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-401 - Definitions

35-401.
Definitions
In this article,  unless the context otherwise requires:
1. " Bonds"  means tax anticipation bonds issued pursuant to this article.
2. " Loan commissioners"  means the loan commissioners of this state.
3. " Taxes"  means state excise taxes levied pursuant to lawful appropriations,  which are due or will become due prior to the end of the fiscal year but which remain uncollected,  in anticipation of which bonds may be issued.
4. " Treasurer"  means state treasurer.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-402 - Issuance of bonds

35-402.
Issuance of bonds
When the legislature has made appropriations for any fiscal year as authorized by law,  and when ad valorem and excise taxes sufficient to produce funds to pay such appropriations have been levied,  if the loan commissioners of the state ascertain that the proceeds of the taxes levied will not be received in the state treasury in time to pay in cash the expenses provided for by such appropriations,  they may anticipate the collection of such taxes by issuing and selling bonds designated as " state of Arizona tax anticipation bonds" .
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-403 - Form and contents of bonds

35-403.
Form and contents of bonds
A. Tax anticipations bonds shall be signed by the governor,  attested by the director of the department of administration and countersigned by the state treasurer,  and shall be payable within six months from the date. They shall bear interest at such rate or rates,  not exceeding nine per cent per annum,  bear such date and shall be payable at such place as determined by the loan commissioners.
B. Each bond shall recite:
1. That it is issued in anticipation of state taxes theretofore levied but remaining uncollected.
2. The fiscal year or years for which the taxes were levied.
3. Whether it is payable from the proceeds of ad valorem taxes levied upon taxable property or from the state's share of excise taxes,  or both.
4. That the bond is issued pursuant to this article.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-404 - Amount of bonds; limitation

35-404.
Amount of bonds;  limitation
The total amount of tax anticipation bonds,  including both principal and interest,  shall not exceed fifty per cent of the ad valorem taxes,  plus fifty per cent of the state's portion of excise taxes as estimated by the department of revenue,  for the years recited in the bonds,  uncollected and not in the state treasury at the time of issuance of the bonds.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-405 - Resolution for issuance

35-405.
Resolution for issuance
The loan commissioners shall by resolution authorize the issuance of the bonds,  which shall prescribe the form of the bonds,  the form of the interest coupons,  the manner in which the coupons shall be signed and the particular taxes upon which the bonds are based,  and shall fix the manner,  terms and conditions under which the bonds shall be sold.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-406 - Sale of bonds; use of proceeds

35-406.
Sale of bonds;  use of proceeds
A. The tax anticipation bonds shall be sold to the highest bidder that meets the conditions imposed by the loan commissioners,  but shall not be sold at less than par.
B. When the issuance and sale of any bonds have been completed,  the treasurer shall immediately call in and pay from the proceeds of the sale all state warrants,  checks or substitute checks,  and electronic funds transfer vouchers that are registered and accumulated at that date,  or otherwise the proceeds of the bonds shall be used solely for the purposes for which the taxes on which the bonds are based were levied.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-407 - Payment of bonds and interest

35-407.
Payment of bonds and interest
When bonds are issued,  the taxes upon which they are based and by which they are secured shall,  when and as collected,  be kept by the treasurer and used solely for payment of the bonds and interest thereon,  until all of the bonds,  together with the interest,  are paid in full. The treasurer may pay the interest on the bonds from the general fund. No interest shall be paid on any bond for any period after the date it is payable or after the date the treasurer calls the bond for payment,  whichever date is later.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-421 - State loan commissioners; issuance of bonds; exemption of bonds from taxes

35-421.
State loan commissioners;  issuance of bonds;  exemption of bonds from taxes
A. The governor,  the director of the department of administration and the state treasurer shall constitute the loan commissioners of the state of Arizona.
B. The loan commissioners shall provide for payment of state indebtedness. For the purpose of paying,  redeeming and refunding all or any part of the principal and interest of such indebtedness,  the loan commissioners may,  from time to time issue negotiable coupon bonds of the state when they can be sold at a lower rate of interest than previously paid or when they can be issued and sold at a profit and benefit to the state.
C. Bonds issued under the provisions of this article shall not be taxed within this state.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-422 - Denominations and terms of bonds

35-422.
Denominations and terms of bonds
A. The bonds provided for in section 35-421 shall be issued as nearly as practicable in denominations of one thousand dollars,  but bonds of a lower denomination not less than one hundred dollars may be issued when necessary. The bonds shall bear interest at a rate fixed by the commissioners,  not exceeding nine per cent per annum,  payable semiannually at the office of the state treasurer or at some bank or trust company in New York City,  New York,  at the option of the purchaser of the bonds. The principal shall be payable within twenty-five years after the date of issuance of the bonds,  and the state shall reserve the right to redeem at par any bonds in their numerical order at any time after fifteen years from the date thereof. The bonds shall bear the date of their issue,  state where and to whom payable,  the rate of interest,  shall be signed by the loan commissioners with the seal of the state affixed,  shall be countersigned by the state treasurer and bear his official seal,  and shall be registered by the department of administration in a book kept for that purpose which shall disclose the amount the bonds sold for,  or if exchanged,  for what exchanged.
B. The faith and credit of the state shall be pledged for the payment of the bonds and the interest accruing thereon.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-423 - Interest coupons

35-423.
Interest coupons
A. Coupons for interest shall be attached to each bond,  shall be consecutively numbered and bear the same number as the bond to which it is attached,  shall bear the facsimile signature of the state treasurer and shall cover the interest expressed in the bond from the date of issue until paid.
B. Bonds shall not bear interest,  nor shall interest be paid thereon,  for any time before they are delivered to the purchaser.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-424 - Sale of bonds; notice, publication and bids

35-424.
Sale of bonds;  notice,  publication and bids
A. When the loan commissioners are authorized to issue bonds,  or decide to refund or redeem all or any of the existing indebtedness of the state,  they shall direct the state treasurer to advertise the sale of the bonds to be issued for that purpose by causing a notice of such sale to be published once a week for one month in three newspapers published in the state,  no two of which shall be published in the same county,  and,  in their discretion,  in a publication in New York City,  New York,  and in San Francisco,  California. Such notice shall state the amount of bonds to be sold,  the place,  day and hour of sale,  and that bids will be received by the treasurer for the purchase of the bonds within one month from expiration of such publication.
B. At the place and time named in the notice the loan commissioners shall open the bids received by the treasurer and shall award the purchase of the bonds,  or any part thereof,  to the best bidder.
C. The loan commissioners may reject any and all bids,  and may refuse to make an award unless sufficient security is furnished by the bidder insuring compliance with his bid.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-425 - Delivery of bonds

35-425.
Delivery of bonds
A. When the sale is awarded,  the loan commissioners shall procure the necessary bonds,  and,  after signing the bonds,  deliver them to the state treasurer,  taking his receipt for the bonds,  and charging him therewith. The treasurer shall deliver the bonds to the purchaser for cash,  or exchange them for any of the indebtedness for the redemption of which they were issued.
B. Bonds shall not be sold or exchanged for less than their face value and accrued interest at the time of delivery,  nor shall any indebtedness be redeemed at more than its face value and accrued interest.
C. The state treasurer shall endorse the time when and the amount for which exchanged upon the face of the paper evidencing the indebtedness received by him in exchange.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-426 - Application of proceeds to redemption of indebtedness; notice to redeem

35-426.
Application of proceeds to redemption of indebtedness;  notice to redeem
A. The state treasurer shall apply monies received to redeem the indebtedness of the bonds issued and shall give notice in the same manner as for paying and redeeming state warrants,  checks and substitute checks,  and electronic funds transfer vouchers. After the state treasurer redeems such indebtedness,  interest on all such indebtedness due and outstanding shall cease.
B. Before such indebtedness is paid,  the director of the department of administration shall endorse on each certificate the amount due thereon,  and write across the face of each the date of its surrender and the name of the person surrendering,  and shall keep a record thereof.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-428 - Redemption of bonds; notice; record of bonds redeemed

35-428.
Redemption of bonds;  notice;  record of bonds redeemed
A. When,  after the expiration of fifteen years from the date of issuance of any bonds,  there is in the redemption fund a surplus of ten thousand dollars or more,  the state treasurer shall advertise,  in the same manner as required for bids for the sale of bonds,  stating the amount of money in the redemption fund,  and that such amount has been set apart to pay and discharge a certain number of bonds,  naming them by number in the order of their issuance. A copy of such advertisement shall be mailed to each bank or trust company at which the interest on the bonds is payable. If the bonds numbered in the advertisements are not presented for payment and cancellation at the expiration of such publication,  the fund shall remain in the treasury to discharge the bonds when presented,  but such bonds shall draw no interest after expiration of the publication. Before such bonds are paid they shall be presented to the director of the department of administration,  who shall endorse on each bond the amount due thereon,  and shall write across the face of each bond the date of its surrender and the name of the person surrendering the bond.
B. The director of the department of administration shall keep a record of all bonds issued and disposed of by the state treasurer,  showing for each bond the number,  rate of interest,  date,  amount of sale,  when,  where and to whom payable,  and if exchanged,  for what,  and when presented for redemption the date,  amount due thereon,  and person surrendering.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-429 - Issuance of state bonds for county, municipal or school district indebtedness

35-429.
Issuance of state bonds for county,  municipal or school district indebtedness
A. The board of supervisors of each county and the proper municipal or school authority shall report to the state loan commissioners the bonded and outstanding indebtedness of the county,  municipality or school district,  and,  upon demand of such authorities,  the loan commissioners shall provide for redeeming or refunding such indebtedness in the same manner as other state indebtedness and shall issue bonds of the state for any indebtedness authorized by law to be incurred by such county,  municipality or school district.
B. The bonds shall be issued upon the faith and credit of the state only to the extent that it will cause to be levied and collected taxes for the payment of the principal and interest of such bonds,  and pay the principal and interest when such bonds have been issued.
C. The county,  municipality or school district shall pay into the state treasury,  in addition to all other taxes authorized by law,  amounts as directed by the director of the department of administration,  to be levied for the payment of the principal and interest of such bonds issued for such county,  municipality or school district,  in the same manner provided for the payment of the principal and interest of state indebtedness.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-430 - Cancellation of redeemed bonds; record of redemption; transmittal of abstract of record; payment of interest

35-430.
Cancellation of redeemed bonds;  record of redemption;  transmittal of abstract of record;  payment of interest
A. When the state treasurer pays or redeems any indebtedness,  the treasurer shall endorse,  by writing or stamping in ink,  on the face of the paper evidencing such indebtedness so paid or redeemed,  the words " redeemed and canceled"  with the date of cancellation.
B. The state treasurer shall keep a complete record of all bonds redeemed and surrendered and shall transmit to the governor an abstract of the record with the annual report,  which shall be submitted by the governor to the legislature.
C. The treasurer shall pay the interest on the bonds,  when due,  from the interest fund,  if sufficient,  and if not sufficient,  from the state general fund. If a deficiency exists,  the director of the department of administration shall draw a warrant,  check or electronic funds transfer voucher on the state treasurer,  payable to the order of the state treasurer from the state general fund.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-431 - Registration of bond; effect; entry of registration

35-431.
Registration of bond;  effect;  entry of registration
When the owner of a bond authorized to be issued by this article presents it to the director of the department of administration with a request for its conversion into a registered bond,  the director of the department of administration shall detach and cancel the coupons,  and stamp or write upon such bond that it is registered in the name of the owner and that thereafter the interest and principal of the bond are payable to the registered owner only. The bond may be transferred by the registered owner by presenting it to the director of the department of administration,  and the bond shall again be registered. When so registered,  the principal and interest of the bond shall be payable to the registered owner. The director of the department of administration shall enter in the register of bonds the registration of each bond and the name of the owner thereof.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-451 - Local debt limit; increase in limitation; authority to issue bonds; definitions

35-451.
Local debt limit;  increase in limitation;  authority to issue bonds;  definitions
A. The aggregate indebtedness of a county,  city,  town or similar municipal corporation may be increased above six percent of the net assessed value of the full cash value of the property in such a political subdivision only as provided in this article.
B. A multi-county water conservation district may become indebted and issue bonds in the manner provided in this article.
C. Bonds may be issued under this article for any lawful or necessary purpose.
D. For the purposes of this section,  " full cash value"  and " net assessed value"  have the same meanings prescribed in section 42-11001.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-451.01 - Power to use outstanding bond authorizations of common or high school districts

35-451.01.
Power to use outstanding bond authorizations of common or high school districts
A. All outstanding authorizations permitting the issuance of bonds,  as provided in this article,  or the incurring of debt by a common school district or a high school district at the time either such district becomes part of a unified school district,  shall remain in full force and effect. The unified school district shall be vested with all powers to act for and on behalf of such common school district or high school district to issue the bonds for the purposes for which such authorizations were granted. The school district governing board may submit the bonds for approval by the attorney general.
B. The bonds shall be issued pursuant to the provisions of this article,  except that the effect of the bonds issued pursuant to this section shall be the same as if the questions pertaining to the issuance of the bonds had been submitted to and approved by the electors of the unified district after its formation.
C. The provisions of this section shall not be construed as authorizing indebtedness in excess of the percentage limitation as prescribed for a unified school district in article 9,  section 8.1,  Constitution of Arizona.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-452 - Election to authorize indebtedness; costs

35-452.
Election to authorize indebtedness;  costs
A. The governing body or board of a political subdivision enumerated in section 35-451 may,  and upon petition signed by fifteen per cent of the qualified electors shall,  order an election by such electors to determine whether such indebtedness shall be authorized. The election shall be held on the first Tuesday following the first Monday in November as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d).
B. If a majority of the qualified electors voting at the election votes in favor of creating an indebtedness such political subdivision may become so indebted.
C. Bond counsel fees,  financial advisory fees,  printing costs and paying agent and registrar fees shall be paid from either the amount authorized by the qualified electors of the political subdivision or current operating funds.
D. Bond election expenses shall be paid from current operating funds only.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-453 - Order for election

35-453.
Order for election
A. The governing body or board of the political subdivision shall order the election to be held at the regular voting places within the limits of such subdivision on the first Tuesday following the first Monday in November as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d).
B. If the election is to be held for creating an indebtedness by a county,  the order shall be made by the board of supervisors of the county in which the election will be held.
C. The order shall state the object of the election,  and shall be prima facie evidence that all provisions necessary to give the order validity or qualify the governing body or board to make such order have been fully complied with.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-455 - Issuance and sale of bonds; call for election

35-455.
Issuance and sale of bonds;  call for election
A. When the political subdivision designated in this article desires to issue bonds or other evidences of indebtedness,  the governing body or board thereof,  with the assent of a majority of the qualified electors therein voting at the election held as provided by section 35-454,  may issue and sell bonds in the amount authorized at the election.
B. The call for the election shall set forth the aggregate amount of the bonds,  the maximum rate of interest to be paid thereon,  the minimum and maximum number of years bonds of any issue or series may run from their date,  the purposes for which the money derived from the sale of the bonds will be expended,  the current outstanding general obligation debt and the constitutional debt limitation of the political subdivision.
C. Bonds of any issue or series of bonds voted under this section may run for any number of years not exceeding the longest period permitted by the voted proposition.
D. The governing body or board may expend the monies received from the sale of the bonds only for the purposes stated in the ballot and for the necessary costs and expenses of the issuance and sale of the bonds. If an unexpended balance remains after satisfying the purposes of the bonds,  the balance shall be used to retire the bonded indebtedness.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-456 - Amount, denomination and form of bonds

35-456.
Amount,  denomination and form of bonds
A. The governing body or board shall cause the bonds to be prepared in the amount and denominations authorized,  or whole multiples of such denominations,  bearing the date of issuance and numbered in a convenient manner. Bonds voted at one or more elections,  for one or more different purposes and subject to one or more debt limits may be combined into a single issue or series maturing at such times and containing such options for redemption prior to maturity,  with or without premium,  as the governing body or board may determine prior to the issuance of the bonds. On or before retirement of bonds of such a combined issue,  the governing body or board shall determine the voted purpose or purposes for which the bonds being retired were issued. This determination is conclusive in calculating the amount of bonds remaining outstanding for each such voted purpose and for calculating outstanding bonded indebtedness with respect to article IX,  sections 8 and 8.1,  Constitution of Arizona.
B. The bonds shall be signed and attested:
1. When issued by the county,  by the chairman and the clerk of the board of supervisors.
2. When issued by a city or town,  by the mayor and the city clerk.
3. When issued by any other municipal corporation,  by the executive officer and clerk of the governing body of such corporation. Any signature may be affixed either by manual signature or by a facsimile reproduction of a manual signature if the signer adopts the facsimile reproduction as and for such person's actual signature.
C. The corporate seal of any such political subdivision or municipal corporation may be affixed to the bonds either manually or by photographic reproduction.
D. The bonds may be payable to bearer or may be in fully registered form without coupons and shall mature in not to exceed forty years from the date of their issuance. Coupons for the interest may be attached to each bearer bond bearing a facsimile of the signatures of the officers as they appear upon the bonds.
E. The form,  including whether registrable as to principal or as to both principal and interest,  denomination and manner of execution of tax secured bonds issued pursuant to both this article and title 9,  chapter 5,  article 3 shall be governed by title 9,  chapter 5,  article 3.
F. The governing body may employ registrars and transfer and paying agents to administer the bonds. All or any part of the costs of registration,  transfer and payment may be deducted from bond proceeds or may be treated as interest and such costs may be added to and paid from the proceeds of taxes levied to pay interest on the bonds.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-456.01 - Bonds; manual affixing of signatures

35-456.01.
Bonds;  manual affixing of signatures
Wherever any statute requires that any bond issued by a public body be signed manually by two or more officers or other individuals,  all such signatures and counter signatures may be printed,  lithographed,  engraved,  or otherwise mechanically reproduced,  except that one of the signatures or counter signatures to the bonds shall be manually affixed.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-458 - Levy of tax for payment of bonds; security

35-458.
Levy of tax for payment of bonds;  security
A. After the bonds are issued,  the governing body or board shall enter on its minutes a record of the bonds sold and their numbers and dates,  and shall annually levy and cause to be collected a tax,  at the same time and in the same manner as other taxes are levied and collected on all taxable property in the political subdivision,  sufficient to pay the annual interest on the bonds when due,  and shall likewise annually levy a tax sufficient to redeem the bonds when they mature. The annual levy shall not exceed the net amount necessary to meet annual payments of principal and interest,  projected payments of principal and interest on new debt planned for the ensuing year,  a reasonable delinquency factor,  including an amount necessary to correct prior year errors or shortages in the levy,  if applicable,  and any expenses and fees required in conjunction with the authorization pursuant to section 35-512. The levy shall be the net of all cash in excess of ten percent of the annual payments of principal and interest in the current fiscal year from the previous year remaining in the fund or funds prescribed by subsection B of this section.
B. Monies derived from the levy of the tax when collected shall constitute a fund for payment of interest and the bonds. The fund shall be kept separately and shall be known as the " interest fund"  and " redemption fund" ,  or the two funds may be combined into a single " interest and redemption fund" .
C. All bonds,  heretofore and hereafter issued,  are secured by a lien on all revenues received pursuant to the tax levy. The lien arises automatically without the need for any action or authorization by the political subdivision or the political subdivision's governing body or board. The lien is valid and binding from the time of the issuance of the bonds. The revenues received pursuant to the levy of the tax are immediately subject to the lien. The lien attaches immediately to the revenues and is effective,  binding and enforceable against the political subdivision,  the political subdivision's successors,  transferees and creditors and all other parties asserting rights in the revenues,  irrespective of whether the parties have notice of the lien,  without the need for any physical delivery,  recordation,  filing or further act.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-459 - Redemption of bonds and coupons

35-459.
Redemption of bonds and coupons
A. When any bonds mature,  the county treasurer,  when the bonds have been issued by the county,  the city or town treasurer,  when the bonds have been issued by a city or town,  or the fiscal officer of other political subdivisions shall give notice for four weeks in a newspaper published in the county of intention to redeem and the amount of such bonds. The redemption shall be made and all such bonds shall cease to draw interest at the expiration of four weeks after the date of the notice. If the bonds so called for redemption are not presented within three months from the date of the notice,  the treasurer shall apply the money to the redemption of the bonds next in the order of the number of their issue.
B. The interest coupons when due and payable shall be delivered to the treasurer or proper fiscal officer,  who shall pay them and write the word " canceled"  across the face of the coupons. Such canceled coupons shall be the treasurer's receipt for their payment.
C. When any bonds are redeemed,  the treasurer or proper fiscal officer shall in like manner mark them " canceled"  on the face of the bonds over his signature,  and deliver them to the clerk or secretary of the governing body,  taking a receipt for the cancelled bonds. The clerk or secretary shall file the bonds in his office and report the redemptions to the governing body.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-460 - Erection of buildings

35-460.
Erection of buildings
If bonds for the purpose of erecting and furnishing a public building are authorized at the election,  the board of supervisors for a county and the governing body of a city,  town or other municipal corporation shall authorize the design and construction of the building in accordance with title 34.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-462 - Bonds; change of purpose; election; informational pamphlet; ballot

35-462.
Bonds;  change of purpose;  election;  informational pamphlet;  ballot
(Rpld. 1/1/25)
A. The governing body or board of a political subdivision may call an election to change the purposes for which the monies derived from the sale of bonds authorized at a prior bond election may be spent provided the bonds have not been issued.
B. The governing body or board shall order the election to be held and the election notice and procedures to be conducted in the manner prescribed by this article. An election called to change the purposes for which the monies may be spent may be held only on the first Tuesday following the first Monday in November.
C. At least thirty-five days before the election,  the governing body or board shall mail a copy of an informational pamphlet to each household within the political subdivision that contains a registered voter. The pamphlet shall contain at least the following information:
1. The date of the election.
2. The polling location for the addressee.
3. The hours during the day when the polls will be open.
4. The purposes for which the bonds were issued,  as described in the informational pamphlet mailed before the prior bond election pursuant to section 35-454.
5. The proposed new purposes for which the monies derived from the sale of bonds will be spent.
6. The proposed new projects and expenditures for which the monies derived from the sale of bonds will be spent.
7. Arguments for and against changing the purposes for which the monies derived from the sale of bonds may be spent.
D. The ballot shall contain the words " change capital improvements,  yes"  and " change capital improvements,  no" ,  and the voter shall signify the voter's desired choice.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465 - Definitions

35-465.
Definitions
In this article,  unless the context otherwise requires:
1. " City"  means any city incorporated under the laws of this state. " City"  also includes any town incorporated under the laws of this state.
2. " County"  means any county now or hereafter in existence in the state.
3. " Fiscal year"  means the period commencing on July 1 of any year and terminating on June 30 of the next succeeding year.
4. " Governing body"  means the body constituted by law to be the legislative department of the taxing district.
5. " Municipal corporation"  means any sanitary district,  electrical district,  irrigation district,  hospital district or any other similar municipal corporation which is required by law to adopt a budget.
6. " School district"  means any school district now or hereafter in existence in the state.
7. " State"  means the state of Arizona.
8. " Taxes"  means ad valorem taxes levied or to be levied by the taxing district in the fiscal year,  sales taxes and transaction privilege taxes levied by the taxing district and all amounts returned to the taxing district by the state. The term " taxes"  does not include ad valorem taxes levied to pay principal of or interest or redemption charges on any bonded indebtedness of the taxing district or sales or transaction privilege taxes which by law or contract must be used by such district for specified purposes,  such as motor vehicle fuel taxes.
9. " Taxing district"  means any city,  county,  school district or municipal corporation having the power to levy ad valorem taxes.
10. " Treasurer"  means the treasurer of the taxing district or the ex officio tax collector of the taxing district.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465.01 - Tax anticipation notes

35-465.01.
Tax anticipation notes
After a taxing district has adopted a budget for the current fiscal year as provided by law and the governing body thereof ascertains that the taxes to be received by such district will not be received in time to pay the district's projected expenses,  as set forth in such budget,  the governing body may issue and sell tax anticipation notes,  the principal and interest on which are to be paid solely from the taxes estimated by such taxing district to be received for the current fiscal year and from the proceeds of the sale of such notes.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465.02 - Form of notes

35-465.02.
Form of notes
The notes may be issued in one or more series,  bear such dates,  be in such denomination or denominations,  mature on any date or dates occurring on or prior to the next July 31 following the end of the fiscal year in which the notes are issued,  mature in such amount or amounts,  bear interest at such rate or rates,  be in such form and be executed in such medium of payment,  be payable at such place or places,  and be subject to such terms of redemption with or without premium as the resolution of the governing body authorizing the issuance of the notes may provide. The notes may be sold above,  at or below par at either public or private sale. The term " public sale"  shall include sale by either auction or sealed bid upon such terms,  conditions and notice as the governing body may prescribe. The notes shall be fully negotiable for all purposes as set forth in title 47,  chapter 3.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465.03 - Limitations on issuance of notes

35-465.03.
Limitations on issuance of notes
The amount of such notes issued by such taxing district in any fiscal year shall not exceed ninety per cent of the aggregate of all uncollected taxes estimated to be received by the district for the fiscal year as shown by the current budget.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465.04 - Application of taxes; payment of notes

35-465.04.
Application of taxes;  payment of notes
Upon the issuance of any tax anticipation notes all taxes which are pledged to pay the notes and which are thereafter received by the taxing district shall be collected and held in the manner set forth in the resolution authorizing the notes or the notes themselves. The resolution authorizing the issuance of the notes shall set forth a pledge of tax revenues describing the times and amount of taxes which must be set aside to repay the notes. Monies pledged to repay the notes shall be used to pay principal and interest on the tax anticipation notes in the manner provided in such resolution. These notes shall be paid on or before July 31 following the end of the fiscal year in which the notes are issued. Any other law to the contrary notwithstanding,  this article shall be full authority for the payment when due,  or for redemption in advance of maturity,  of all principal and interest and redemption premiums on the notes.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465.05 - Investment of tax anticipation note proceeds; period of investment covenants

35-465.05.
Investment of tax anticipation note proceeds;  period of investment covenants
A. Tax anticipation note proceeds and taxes pledged to repay the tax anticipation notes may be invested by the treasurer in any securities or deposits eligible for investment of public monies pursuant to chapter 2,  article 2.1 of this title or,  if taxes,  in the same manner such taxes could have been invested if the notes had not been issued.
B. A resolution pertaining to the issuance of tax anticipation notes may contain covenants prescribing the period that proceeds may be invested and the maximum yield on such investments during any period mentioned in the covenant.
C. Investment income received from tax anticipation note proceeds and taxes set aside to pay the tax anticipation notes shall be applied against the tax anticipation note interest expense incurred on the same tax anticipation notes as a reduction of the expenditure,  except that the reduction of expenditure shall not exceed the amount of actual tax anticipation note interest expense. In making such calculation,  taxing districts may combine the investment income from all series of tax anticipation notes issued within a fiscal year and also combine all tax anticipation note interest expense to be incurred from such issuance.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465.06 - Use of proceeds

35-465.06.
Use of proceeds
The proceeds from the sale of the notes shall be paid into the treasury of the taxing district. The proceeds shall be used by the taxing district to pay the expenses of such district as set forth in the annual budget and to pay the expenses of the proceedings and the issuer's costs incurred for the administration of note repayment.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-465.07 - Rights of holders

35-465.07.
Rights of holders
The holder of any anticipation note may,  in the holder's own name and on the holder's own behalf,  or on behalf of all of the holders of the notes,  take whatever action may be necessary to compel the performance of any duty required by any section of this article.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-466 - Definitions

35-466.
Definitions
In this article,  unless the context otherwise requires:
1. " Governing body"  means the body constituted by law to be the governing board of the issuer.
2. " Grant agreement"  means any written agreement entered into with the issuer and the United States of America or any of its departments or agencies by which the issuer will receive a grant or subvention for which the funds to be advanced have been appropriated to the department or agency making the grant and by which the issuer incurs no monetary liability to repay the grant or subvention except for the obligation to construct a project or projects.
3. " Grant anticipation notes"  means notes authorized by this article and also notes to refund grant anticipation notes.
4. " Grant revenues"  means any revenues the issuer will receive under a grant agreement,  proceeds of grant anticipation notes and income and gain from investment of such revenues and proceeds.
5. " Issuer"  means any city,  charter city,  town,  county,  sanitary district,  electrical district,  irrigation district,  hospital district,  improvement district or any other similar municipal corporation.
6. " State"  means this state or any of its departments,  agencies or authorities.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-466.01 - Grant anticipation notes

35-466.01.
Grant anticipation notes
After any issuer has entered into one or more grant agreements,  its governing body may issue and sell grant anticipation notes,  the principal and interest on which are to be paid solely from the grant revenues to be received under the terms of such grant agreement or agreements. The governing body may also issue grant anticipation notes to refund grant anticipation notes previously issued.