reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1131 - Annual budget

5-1131.
Annual budget
(Conditionally Rpld.)
A. On or before May 31 of each year,  the authority board shall hold a public hearing to adopt a budget for the following fiscal year that includes:
1. Receipts during the preceding fiscal year.
2. Expenditures during the preceding fiscal year.
3. Estimates of amounts necessary for expenses during the following fiscal year,  including amounts proposed for:
(a) Costs of planning,  constructing,  financing and maintaining the authority's facilities.
(b) Administrative costs of the authority.
4. Anticipated revenue to the authority from each source in the following fiscal year.
5. A complete asset and liability statement.
6. A statement of profit or loss.
7. Cash on hand as of the date the budget is adopted and the anticipated balance at the end of the current fiscal year.
8. An itemized statement of commitments,  reserves and anticipated obligations for the following fiscal year.
B. The authority board:
1. Shall transmit a copy of the budget to the district board of directors.
2. May amend the budget on a finding of good cause.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1132 - General fund; investments

5-1132.
General fund;  investments
(Conditionally Rpld.)
A. The authority shall maintain a general fund and may establish accounts and subaccounts within the general fund as necessary and convenient. All revenues and monies received by the authority shall initially be deposited in the general fund.
B. The authority may invest any unexpended monies in the fund as provided in title 35,  chapter 2. Interest and other income from investments of monies in any account shall be credited to that account except as otherwise provided by law.
C. The authority's investments must mature when the fund assets will be required for the purposes of this chapter. If the liquid assets in the fund or any account or subaccount become insufficient to meet the statutory obligations,  the authority board shall direct the authority's fiscal agent to liquidate sufficient securities to meet all of the current obligations and immediately notify the district board of directors and the auditor general of the insufficiency. The auditor general shall investigate and audit the circumstances surrounding the depletion of the fund,  account or subaccount and report the findings to the authority board and the board of directors.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1133 - Excise tax on car rentals

5-1133.
Excise tax on car rentals
(Conditionally Rpld.)
A. The qualified electors,  by majority vote at an election held pursuant to section 5-1103,  may levy and,  if levied,  the department of revenue shall collect an excise tax on the gross proceeds of sales or gross income from the business of leasing or renting motor vehicles in the authority by a person engaging or continuing in a business taxed under title 42,  chapter 5 and classified under section 42-5071,  beginning on the first day of the first month beginning ninety days after the election. The tax shall be in effect for three hundred sixty months except as provided by section 5-1139. The tax imposed pursuant to this section is in addition to any other taxes levied by this state or any other political subdivision of this state.
B. Except as provided by section 5-1139,  the rate of the tax is .35 per cent of the tax base prescribed by section 42-5071.
C. The tax applies to the business of leasing or renting in the authority,  for less than one year,  motor vehicles for hire without a driver that are designed to operate on the streets and highways of this state and that are primarily intended to carry not more than fourteen passengers,  regardless of whether the vehicle is registered or licensed in this state.
D. The tax does not apply to the lease or rental of:
1. A motor vehicle as a temporary replacement vehicle that is loaned at no charge by a repair facility or dealer for use while the vehicle that it is replacing is not in service because of breakdown,  repair,  service,  damage or loss.
2. A motor vehicle to an automobile dealership,  a repair facility,  an insurance company or any other person that provides that vehicle at no charge to a person whose own motor vehicle is being repaired,  adjusted or serviced.
E. The tax is not taxable under section 42-5071.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1134 - Excise tax on hotels and motels

5-1134.
Excise tax on hotels and motels
(Conditionally Rpld.)
A. The qualified electors,  by majority vote at an election held pursuant to section 5-1103,  may levy and,  if levied,  the department of revenue shall collect a tax on the gross proceeds of sales or gross income from the business of every person engaging or continuing in a business taxed under title 42,  chapter 5 and classified under section 42-5070 within the authority. A tax under this section is in addition to the tax imposed by title 42,  chapter 5 and any tax imposed by any other political subdivision in the authority.
B. If levied,  the tax shall be levied under this section beginning on the first day of the first month beginning ninety days after the election,  and shall continue in this manner for three hundred sixty months except as provided by section 5-1139.
C. Except as provided by section 5-1139,  the rate of the tax is .45 per cent of the tax base prescribed by section 42-5070.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1135 - Tax on restaurants and bars

5-1135.
Tax on restaurants and bars
(Conditionally Rpld.)
A. The qualified electors,  by majority vote at an election held pursuant to section 5-1103,  may levy and,  if levied,  the department of revenue shall collect a tax on the gross proceeds of sales or gross income from the business of every person engaging or continuing in a business taxed under title 42,  chapter 5 and classified under section 42-5074 in the authority. A tax under this section is in addition to the tax imposed by title 42,  chapter 5 and any tax imposed by any other political subdivision in the authority.
B. If levied,  the tax shall be levied under this section beginning on the first day of the first month beginning ninety days after the election,  and shall continue in this manner for three hundred sixty months except as provided by section 5-1139.
C. Except as provided by section 5-1139,  the rate of the tax is .25 per cent of the tax base prescribed by section 42-5074.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1136 - Tax on amusements and sporting events

5-1136.
Tax on amusements and sporting events
(Conditionally Rpld.)
A. The qualified electors,  by majority vote at an election held pursuant to section 5-1103,  may levy and,  if levied,  the department of revenue shall collect a tax on the gross proceeds of sales or gross income from persons taxed under title 42,  chapter 5 and classified under section 42-5073 in the authority.
B. If levied,  the tax shall be levied under this section beginning on the first day of the first month beginning ninety days after the election,  and shall continue in this manner for three hundred sixty months except as provided by section 5-1139.
C. Except as provided by section 5-1139,  the rate of the tax is .35 per cent of the tax base prescribed by section 42-5073.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1137 - Tax on retail

5-1137.
Tax on retail
(Conditionally Rpld.)
A. The qualified electors,  by majority vote at an election held pursuant to section 5-1103,  may levy and,  if levied,  the department of revenue shall collect a tax on the gross proceeds of sales or gross income from the business of every person engaging or continuing in a business taxed under title 42,  chapter 5 and classified under section 42-5061 in the authority. A tax under this section is in addition to the tax imposed by title 42,  chapter 5 and any tax imposed by any other political subdivision in the authority.
B. If levied,  the tax shall be levied under this section beginning on the first day of the first month beginning ninety days after the election,  and shall continue in this manner for three hundred sixty months except as provided by section 5-1139.
C. Except as provided by section 5-1139,  the rate of the tax is .15 per cent of the tax base prescribed by section 42-5061.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1138 - Administration of tax

5-1138.
Administration of tax
(Conditionally Rpld.)
A. Unless the context otherwise requires,  section 42-6102 governs the administration of the taxes imposed under this article.
B. Each month the state treasurer shall transmit the net revenues collected pursuant to this article to the authority for deposit in the general fund.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1139 - Conditional reduction of district taxes

5-1139.
Conditional reduction of district taxes
(Conditionally Rpld.)
A. If,  seventy-two months after the district is established,  at least two major league baseball franchises have not executed binding contractual agreements for use of stadiums and other facilities in the district as their exclusive sites for spring training operations for terms of at least ten years,  the respective tax rates prescribed by sections 5-1133 through 5-1137 are reduced by fifty per cent as provided by paragraph 2 of this subsection,  and the district shall use all revenues produced by the reduced rates exclusively for the promotion of youth and amateur sports as provided by section 5-1107. If the condition described by this subsection occurs:
1. The executive director shall notify the department of revenue in writing on or before the date that is seventy-two months after the district is established.
2. The reduced tax rates are effective on the first day of the first month that is at least ninety days after the date of notification.
B. If,  at any subsequent time,  at least two major league baseball franchises execute binding contractual agreements for use of stadiums and other facilities in the district as their exclusive sites for spring training operations for terms of at least ten years,  the respective tax rates prescribed by sections 5-1133 through 5-1137 shall be reinstated at the full amounts as provided by paragraph 2 of this subsection,  and the district shall use the revenues as provided by law without condition. If the condition described by this subsection occurs:
1. The executive director shall notify the department of revenue in writing on or before the date that the second contract is entered into.
2. The increased tax rates are effective on the first day of the first month that is at least ninety days after the date of notification.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1140 - Annual audit

5-1140.
Annual audit
(Conditionally Rpld.)
A. The board of directors of the district shall cause an annual audit to be conducted of each of the authority's funds,  accounts and subaccounts by an independent certified public accountant within one hundred twenty days after the end of the fiscal year.
B. The board shall immediately file a certified copy of the audit with the auditor general. The auditor general may make such further audits and examinations as necessary and may take appropriate action relating to the audit or examination pursuant to title 41,  chapter 7,  article 10.1. If the auditor general takes no further action within thirty days after the audit is filed,  the audit is considered to be sufficient.
C. The authority board shall pay negotiated and approved fees and costs of the certified public accountant and auditor general under this section from the authority's general fund.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1161 - Definitions

5-1161.
Definitions
(Conditionally Rpld.)
In this article,  unless the context otherwise requires:
1. " Bond"  means any obligation authorized and issued pursuant to this article,  including:
(a) Bonds and notes.
(b) Certificates of participation in a lease-purchase or certificates of purchase in a lease or installment purchase agreement.
(c) Obligations that are authorized and issued to refund or refinance obligations that are authorized and issued pursuant to this article.
2. " Bond related expenses"  means any expenses incurred by the authority for issuing and administering its bonds,  including underwriting fees and costs,  trustee fees,  financial consultant fees,  printing and advertising costs,  paying agent fees,  transfer agent fees,  legal,  accounting,  feasibility consultant and other professional fees and expenses,  credit enhancement fees,  attorney and accounting fees and expenses related to credit enhancement,  bond insurance or liquidity enhancement,  remarketing fees,  rating agency fees and costs,  travel and telephone expenses and all other fees considered necessary by the authority board in order to market and administer the bonds.
3. " Sports authority purpose"  includes:
(a) The capital costs of acquiring,  designing,  developing,  constructing,  reconstructing,  equipping,  furnishing,  repairing,  maintaining and improving stadiums and multipurpose facilities,  directly related improvements and infrastructure,  except as otherwise limited by this article. For the purposes of this subdivision,  " infrastructure"  means improvements that will directly and principally benefit the stadium or multipurpose facility and includes:
(i) Sanitary sewage systems.
(ii) Drainage and flood control systems.
(iii) Water systems.
(iv) Roadways for access,  entry and exit and parking facilities.
(v) Pedestrian and other nonmotorized facilities for access,  entry and exit and parking.
(vi) Landscaping.
(vii) Lighting systems.
(viii) Traffic control systems,  signals,  controls,  markings and signage.
(b) The payment of bonds.
(c) Bond related expenses.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1162 - Obligation for the bonds

5-1162.
Obligation for the bonds
(Conditionally Rpld.)
Bonds issued under this article:
1. Are payable only according to their terms.
2. Are obligations of the authority.
3. Are not general,  special or other obligations of this state,  or of the county or any city or town located in the authority. The members of the board of directors and the authority board and persons who execute the bonds are not personally liable for payment of the bonds.
4. Do not constitute a debt of this state or of the county or any city or town located in the authority.
5. Are not enforceable against this state. Payment of the bonds is enforceable only out of any monies or assets of the authority specifically pledged and assigned to or in trust for the benefit of the holder or holders of the bonds.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1163 - Authorization of bonds

5-1163.
Authorization of bonds
(Conditionally Rpld.)
A. The authority may issue bonds pursuant to this article in a principal amount that is necessary to:
1. Provide sufficient monies for any sports authority purposes.
2. Establish and fully or partially fund any required reserves or sinking accounts.
3. Issue refunding bonds to refund bonds issued by the authority if the authority board considers refunding to be expedient. The board may provide for investing and holding the proceeds of the refunding bonds in trust for the benefit of the holders of the bonds being refunded.
B. The authority board shall authorize the bonds by resolution. The resolution shall prescribe:
1. The revenue sources that are pledged and dedicated to secure the bonds.
2. The rate or rates of interest,  which may be fixed or variable,  the date or dates on which interest is payable and the denominations of the bonds.
3. The date or dates of the bonds and maturity,  which shall be within thirty years after the date of issuance.
4. The manner of executing the bonds.
5. The medium and place of payment.
6. The terms of redemption,  which may provide for a premium for early redemption.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1164 - Issuance and sale of bonds

5-1164.
Issuance and sale of bonds
(Conditionally Rpld.)
A. The authority board shall issue the bonds in the number and amount provided in the resolution. The authority board shall provide published notice within fifteen days to the public and to the district board of directors of its intention to issue bonds.
B. The bonds may be sold by competitive public sale,  through an online bidding process or at negotiated sale for public or private offering at the price and on the terms prescribed in the resolution. For the purposes of this subsection,  " online bidding process"  means a procurement process in which the board receives bids electronically over the internet in a real-time,  competitive bidding event.
C. The proceeds from the sale of the bonds shall be deposited in the bond proceeds account established pursuant to section 5-1165.
D. Title 35,  chapter 3,  article 7 applies to the authority board and to bonds issued under this article.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1165 - Bond proceeds account

5-1165.
Bond proceeds account
(Conditionally Rpld.)
A. If the authority issues bonds under this article,  the authority board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds.
B. The authority board may use monies in the bond proceeds account only for sports authority purposes in the manner prescribed by this chapter.
C. The authority's fiscal agent shall administer and account for the bond proceeds account.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1166 - Debt service account

5-1166.
Debt service account
(Conditionally Rpld.)
A. If the authority issues bonds under this article,  the authority board shall establish a debt service account within the general fund consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related expenses associated with redeeming the bonds.
B. Monies in the debt service account may be used only for the purposes authorized by this article.
C. The authority's fiscal agent shall administer and account for the debt service account.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1167 - Securing principal and interest

5-1167.
Securing principal and interest
(Conditionally Rpld.)
In connection with issuing bonds authorized by this article and to secure the principal and interest on the bonds,  the authority board by resolution may:
1. Pledge for the payment of principal and interest on the bonds all or part of the revenues and other monies received by the authority and deposited in the general fund or any account or subaccount of the general fund.
2. Pledge and assign to or in trust for the benefit of the holder or holders of the bonds all or part of the monies in the debt service account or any other account or subaccount as necessary to secure and pay the principal,  the interest and any premium on the bonds as they come due.
3. Segregate the debt service account into one or more subaccounts and provide that bonds issued under this article may be secured by a lien on all or part of the monies paid into the debt service account or into any subaccount in the debt service account.
4. Establish priorities among bondholders based on criteria adopted by the board.
5. Set aside,  regulate and dispose of reserves and sinking accounts.
6. Prescribe the procedure,  if any,  by which the terms of any contract with bondholders may be amended or abrogated,  the amount of bonds the holders of which must consent to and the manner in which the consent may be given.
7. Provide for payment of bond related expenses from the proceeds of the sale of the bonds or other revenues available to the board.
8. Provide for the services of trustees,  cotrustees,  agents and consultants and other specialized services with respect to the bonds.
9. Take any other action that in any way may enhance the security and protection of the bonds or interest on the bonds.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1168 - Lien of pledge

5-1168.
Lien of pledge
(Conditionally Rpld.)
A. Any pledge made under this article is valid and binding from the time when the pledge is made.
B. The monies pledged to the holders of the bonds and received by the authority for placement in the debt service account are immediately subject to the lien of the pledge without any further act. Any lien of any pledge is valid and binding against all parties who have claims of any kind against the authority,  regardless of whether the parties have notice of the lien. The official resolution or any instrument by which this pledge is created,  when adopted by the authority board,  is notice to all concerned of the creation of the pledge,  and those instruments need not be recorded in any other place to perfect the pledge.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1169 - Bond purchase for cancellation

5-1169.
Bond purchase for cancellation
(Conditionally Rpld.)
The authority board may purchase bonds for cancellation,  using any available monies,  at a price not exceeding the following:
1. If the bonds are redeemable at the time of purchase,  the applicable redemption price plus accrued interest to the next interest payment date.
2. If the bonds are not redeemable at the time of purchase,  the applicable redemption price on the first date after purchase on which the bonds become subject to redemption plus accrued interest to that date.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1170 - Payment of bonds

5-1170.
Payment of bonds
(Conditionally Rpld.)
A. The bonds shall be paid solely from monies in the debt service account.
B. The members of the authority board and any persons who execute the bonds are not personally liable for the payment of the bonds.
C. The authority's fiscal agent shall cancel all bonds when paid.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1171 - Investment of monies in the bond proceeds account

5-1171.
Investment of monies in the bond proceeds account
(Conditionally Rpld.)
A. The authority board may authorize the authority's fiscal agent to invest monies in the bond proceeds account in the manner prescribed by section 5-1173.
B. The order directing an investment shall state a date on which the proceeds from the sale of the bonds will be needed for use,  and the fiscal agent shall make the investment in such a way as to mature on or before the specified date.
C. All monies earned as interest or otherwise derived from the investment of the monies in the bond proceeds account shall be credited as described in the authorizing resolution.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1172 - Investment of monies in the debt service account

5-1172.
Investment of monies in the debt service account
(Conditionally Rpld.)
A. The authority board may authorize the authority's fiscal agent to invest and reinvest any monies in the debt service account as provided by section 5-1173.
B. The order directing an investment shall state a date on which the monies and other resources in the debt service account will be needed for use,  and the fiscal agent shall make the investment in such a way as to mature on or before the specified date.
C. All monies earned as interest or otherwise derived from the investment of the monies in the debt service account shall be credited as described in the authorizing resolution.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1173 - Authorized investment of monies

5-1173.
Authorized investment of monies
(Conditionally Rpld.)
A. The monies in either the bond proceeds account or the debt service account may be invested and reinvested at the direction of the authority board in any of the following:
1. United States treasury obligations.
2. Consolidated farm loan bonds.
3. Obligations issued by the federal intermediate credit banks or bonds for cooperatives on authority of the farm credit act of 1933.
4. Any other obligations guaranteed by the United States government.
5. Any investments that are authorized by any other agencies of the United States government and that are authorized to secure public deposits.
6. State and local government series United States treasury securities.
7. State,  county or municipal bonds issued in this state and on which the payments of interest have not been deferred.
8. Investment agreements and repurchase agreements collateralized by investments described in paragraphs 1 through 5.
9. Investment agreements from providers rated in one of the two highest rating categories by a nationally recognized rating agency.
B. The purchase of the securities shall be made by the authority's fiscal agent on authority of a resolution of the authority board. The fiscal agent shall act as custodian of all securities purchased.
C. The authority board may place any restrictions on reinvestment yield on bond proceeds or on any monies pledged to pay the bonds if necessary to comply with federal income tax laws and regulations to gain any federal tax benefits available with respect to the bonds.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1174 - Deposit and disbursement of monies

5-1174.
Deposit and disbursement of monies
(Conditionally Rpld.)
A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be deposited by the authority's fiscal agent in financial institutions that the authority board designates and that are insured by an agency or instrumentality of the United States. The monies shall be disbursed as the authority board directs and according to the terms of any agreements with the holder or holders of the bonds.
B. This section shall not be construed as limiting the power of the authority board to agree in connection with the issuance of any of its bonds as to the custody and disposition of the monies received from selling bonds or from the income and revenues pledged or assigned to or in trust for the benefit of the holder or holders of the bonds.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1175 - Characteristics of bonds; negotiability; legal investments; exemption from taxation

5-1175.
Characteristics of bonds;  negotiability;  legal investments;  exemption from taxation
(Conditionally Rpld.)
A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code,  subject only to any provisions for registration,  regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial code.
B. The bonds,  their transfer and the income from the bonds are at all times free from taxation in this state.
C. Bonds issued under this article:
1. Are securities in which public officers and bodies of this state and of municipalities and political subdivisions of this state,  all companies,  associations and other persons carrying on an insurance business,  all financial institutions,  investment companies and other persons carrying on a banking business,  all fiduciaries and all other persons who are authorized to invest in government obligations may properly and legally invest.
2. Are securities that may be deposited with public officers or bodies of this state and municipalities and political subdivisions of this state for purposes that require the deposit of government bonds or obligations.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1176 - Effect of changing circumstances on bonds; agreement of state

5-1176.
Effect of changing circumstances on bonds;  agreement of state
(Conditionally Rpld.)
A. Bonds issued under this article remain valid and binding obligations of the authority notwithstanding that before the delivery of the bonds any person whose signature appears on the bonds ceases to be an officer of the authority.
B. An amendment of any provision in this chapter does not diminish or impair the validity of bonds issued under this article or the remedies and rights of bondholders.
C. This state pledges to and agrees with the holders of the bonds authorized by this article that this state will not limit,  alter or impair the rights vested in the authority to receive the monies necessary to fulfill the terms of any agreements made with the holders of the bonds,  or in any way impair the rights and remedies of the bondholders,  until all bonds issued under this article,  together with interest on the bonds,  interest on any unpaid installments of principal or interest and all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders,  are fully met and discharged. The authority board,  as agent for this state,  may include this pledge and undertaking in its resolutions and indentures authorizing and securing its bonds.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1177 - Validity of bonds; legal opinion

5-1177.
Validity of bonds;  legal opinion
(Conditionally Rpld.)
A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may be construed to apply to any proceedings taken or acts done pursuant to this article.
B. The validity of bonds issued under this article does not depend on and is not affected by the legality of any proceeding relating to the acquisition,  construction,  improvement,  operation or maintenance of a stadium or multipurpose facility for which the bonds are issued.
C. The authority board may submit any bonds to be issued under this article to a nationally recognized bond counsel after all proceedings for authorizing the bonds have been completed. On submission the counsel shall examine and pass on the validity of the bonds and the regularity of the proceedings. If the proceedings comply with this article,  and if the bonds when delivered and paid for will constitute binding and legal obligations of the authority,  the counsel shall certify on the back of each bond,  in substance,  that it is issued according to the constitution and laws of this state and that the interest on the bonds will be exempt from state taxes as provided by law.
D. The bonds shall recite that they are regularly issued pursuant to this article. That recital,  together with the legal opinion under subsection C,  constitutes prima facie evidence of the legality and validity of the bonds. From and after the sale and delivery of the bonds,  they are incontestable by this state or the authority.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1204 - Financial responsibility

5-1204.
Financial responsibility
On or before July 1 of each year,  a licensed fantasy sports contest operator shall contract with a certified public accountant to perform an independent audit in accordance with generally accepted accounting principles of the financial condition of the licensed fantasy sports contest operator's total operation for the previous fiscal year and to ensure compliance with this chapter and for any other purpose as prescribed by rule. Not later than one hundred eighty days after the end of the fantasy sports contest operator's fiscal year,  a licensed fantasy sports contest operator shall submit the audit results under this section to the department. The results of an audit submitted to the department under this section are confidential and privileged and are not subject to disclosure as provided in title 39,  chapter 1,  article 2.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1205 - Prohibitions; exception

5-1205.
Prohibitions;  exception
A. A fantasy sports contest operator shall prohibit an individual who is under twenty-one years of age from participating in a fantasy sports contest.
B. A licensed fantasy sports contest operator may not do any of the following:
1. Allow the use of a script that provides a fantasy sports contest player with an unfair competitive advantage. A script made readily available to all fantasy sports contest players does not provide a fantasy sports contest player with an unfair competitive advantage and may not be determined otherwise.
2. Use false,  deceptive or misleading advertising or advertising that is not based on fact.
3. Target,  in advertising or promotions,  either of the following:
(a) Individuals who have restricted themselves from entering a fantasy sports contest under the procedures established by the department pursuant to section 5-1206.
(b) Individuals who are under twenty-one years of age.
C. A fantasy sports contest may not be offered on,  at or from any of the following:
1. A kiosk or machine open to public use and physically located in a retail business location,  bar,  restaurant or other commercial establishment.
2. A kiosk or machine open to public use and physically located in a place of public accommodation,  except that a fraternal organization or veterans' organization as defined in section 5-401 or a licensed racetrack may operate up to two kiosks for the sole purpose of offering fantasy sports.
D. This section does not apply to a federally recognized Indian tribe operating under its tribal-state gaming compact and any amendments.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1207 - Department of gaming; authority

5-1207.
Department of gaming;  authority
The department shall adopt rules to implement this chapter as provided in title 41,  chapter 6,  including rules that do all of the following:
1. Require a fantasy sports contest operator to implement commercially reasonable procedures to prohibit access to both of the following:
(a) Individuals who request to restrict themselves from playing fantasy sports contests.
(b) Individuals who are under twenty-one years of age.
2. Prescribe requirements related to beginning players and highly experienced players.
3. Suspend the account of a fantasy sports contest player who violates this chapter or a rule adopted under this chapter.
4. Provide a fantasy sports contest player with access to information on playing responsibly and how to ask for assistance for compulsive play behavior.
5. Require an applicant for a fantasy sports contest operator license to designate at least one key employee as a condition of obtaining a license.
6. Include any other rule the department determines is necessary to ensure the integrity of fantasy sports contests.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1208 - Requirements

5-1208.
Requirements
A. After a fantasy sports contest operator is licensed,  the fantasy sports contest operator shall report any change to the information regarding ownership included in its application with the department within thirty days after the change is effective. The fantasy sports contest operator's license shall remain valid unless the department determines that the fantasy sports contest operator is no longer qualified to maintain the license due to the change.
B. A licensed fantasy sports contest operator shall retain and maintain in a place secure from theft,  loss or destruction all of the records required to be maintained under this chapter and the rules adopted under this chapter for at least three years after the date the record is created.
C. A licensed fantasy sports contest operator shall organize all records under subsections A and B of this section in a manner that enables the licensed fantasy sports contest operator to provide the department with the records.
D. Information obtained under this section is confidential and privileged and is not subject to disclosure as provided in title 39,  chapter 1,  article 2.
E. If a fantasy sports contest operator is required to file a form 1099-Misc or other substantially equivalent form with the United States internal revenue service for a person who is identified by the Arizona administrative office of the courts,  the department of economic security division of child support enforcement,  the department of economic security supplemental nutrition assistance program and assistance overpayment or the Arizona health care cost containment system administration as owing an obligation,  the fantasy sports contest operator shall withhold from the person's account the amount of obligations owed at the time the form 1099-Misc or a substantially equivalent form is issued,  if the fantasy sports operator has been notified by this state of the obligation. At that time,  the fantasy sports contest operator shall transmit the amount withheld for obligations to the department of gaming and shall also transmit any information requested by the department of gaming. The department of gaming shall provide information to the fantasy sports contest operator of persons with outstanding obligations. If the identified person is also self-excluded,  tax liabilities and setoff obligations shall be satisfied before any monies are donated to the department of gaming division of problem gambling pursuant to section 5-1206. If the identified person has multiple liabilities,  those liabilities shall be satisfied in the following order:
1. Child support enforcement.
2. Supplemental nutrition assistance program and assistance overpayment.
3. The courts.
4. The Arizona health care cost containment system administration.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1210 - Violations; classification; penalties

5-1210.
Violations;  classification;  penalties
A. A person may not do any of the following:
1. Except as otherwise provided in this chapter,  offer a fantasy sports contest in this state unless the person is licensed by the department.
2. Knowingly make a false statement on an application for a license under this chapter.
3. Knowingly provide false testimony to the department or any authorized representative of the department.
B. The department may not issue a license under this chapter to a person that violates subsection A of this section.
C. A person that violates subsection A,  paragraph 1 of this section is guilty of a crime as follows:
1. For the first or second violation,  the person is guilty of a class 3 misdemeanor.
2. For a third or subsequent violation,  the person is guilty of a class 1 misdemeanor.
D. The department may issue a cease and desist order and obtain injunctive relief against a person that violates this chapter.
E. The department may impose a civil penalty of not more than $10, 000 for a violation of this chapter,  a rule adopted under this chapter or an order of the department. A civil penalty imposed under this section is payable to this state and may be collected in a civil action brought by the department.
F. The department may suspend,  revoke or restrict the license of a fantasy sports contest operator that violates this chapter,  a rule adopted under this chapter or an order of the department.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1211 - Fees; penalty

5-1211.
Fees;  penalty
A. The department shall establish a fee for the privilege of operating fantasy sports contests. In determining the fee,  the department shall consider the highest percentage of revenue share that an Indian tribe pays to this state pursuant to the tribal-state gaming compacts and any amendments. The fee may not exceed ten percent of the fantasy sports contest operator's adjusted revenues. A fantasy sports contest operator shall report to the department and pay the fee from its monthly fantasy sports contest adjusted revenues,  on a form and in the manner prescribed by the department. This subsection does not apply to an individual who offers a fantasy sports contest under section 5-1202,  subsection B.
B. The fee established pursuant to subsection A of this section is due and payable to the department by the twenty-fifth day of each month and shall be based on monthly fantasy sports contest adjusted revenue derived during the previous month.
C. The department shall deposit,  pursuant to sections 35-146 and 35-147,  the fees collected pursuant to this section in the fantasy sports contest fund established by section 5-1212.
D. A licensed fantasy sports contest operator who fails to remit to the department the fees required under this section is liable,  in addition to any sanction or penalty imposed under this chapter,  for the payment of a penalty of five percent per month up to a maximum of twenty-five percent of the amounts ultimately found to be due,  to be recovered by the department. Penalties imposed and collected by the department under this subsection must be deposited in the fantasy sports contest fund established by section 5-1212.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1212 - Fantasy sports contest fund

5-1212.
Fantasy sports contest fund
A. The fantasy sports contest fund is established consisting of monies deposited pursuant to section 5-1211 or from any other source. The department shall administer the fund. Monies in the fund are subject to legislative appropriation.
B. On notice from the department,  the state treasurer shall invest and divest monies in the fund as provided by section 35-313,  and monies earned from investment shall be credited to the fund.
C. The department may spend not more than ten percent of monies on the department's annual costs of regulating and enforcing this chapter unless otherwise provided by the legislature. At the end of each fiscal year,  any revenues collected in excess of the amount appropriated from the fund shall be transferred to the state general fund.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1213 - Conditional enactment; notice

5-1213.
Conditional enactment;  notice
A. This chapter does not become effective unless and before each Indian tribe with a gaming facility in Pima county and each Indian tribe with a gaming facility in the Phoenix metropolitan area,  as defined in the 2021 compact amendment,  has entered into a 2021 gaming compact amendment and notice of the United States secretary of the interior's approval or approval by operation of law has been published in the federal register.
B. The department shall notify the director of the Arizona legislative council in writing of the date on which the condition was met.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1307 - Limited event wagering operator licenses; definition

5-1307.
Limited event wagering operator licenses;  definition
A. An event wagering operator may partner with a racetrack enclosure or additional wagering facility that holds a permit that is issued by the division of racing to obtain a limited event wagering license for event wagering only at one specific physical location. On application,  the department may issue a total of up to ten limited event wagering licenses to authorize event wagering at ten specific physical locations.
B. An entity seeking a limited event wagering license shall provide the following information to the department in its application:
1. A copy of its current approval by the division of racing to conduct racing meetings or approval as an additional wagering facility.
2. A letter from an event wagering operator of its partnership for the purposes of event wagering.
3. An attestation and map demonstrating that the specific physical location of the event wagering facility is located at least five miles from:
(a) A tribal gaming facility.
(b) The specific event wagering facility location operated by an event wagering operator.
(c) The specific event wagering facility location operated by another limited event wagering operator.
C. The department shall issue a limited event wagering license if the following conditions are met:
1. The applicant is in compliance with all division of racing rules regarding its racing or additional wagering facility operations.
2. The applicant has a current license with the division of racing.
3. The applicant is not currently the subject of an investigation by the division of racing for a violation of division rules.
4. The applicant submits fees as required by the department.
D. A limited event wagering license allows the licensee to conduct event wagering only in accordance with this chapter and any applicable rules adopted by the department.
E. A limited event wagering operator shall be licensed by the department before the commencement of operation and every two years thereafter. The license shall include each principal,  the primary management official and key employees.
F. The department shall deposit,  pursuant to sections 35-146 and 35-147,  the fees collected from licenses under this section in the event wagering fund established by section 5-1318.
G. For the purposes of this section,  " additional wagering facility"  has the same meaning prescribed in section 5-101.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1308 - Supplier license

5-1308.
Supplier license
A. The department may issue a supplier license to a person that manufactures,  distributes,  sells or leases event wagering equipment,  systems or other gaming items to conduct event wagering and offers services related to the equipment or other gaming items and data to an event wagering operator or limited event wagering operator while the license is active. The department may accept a license issued by another jurisdiction that the department determines to have similar licensure requirements as evidence the applicant meets supplier licensure requirements.
B. The department may adopt rules that establish additional requirements for a supplier and any system or other equipment used for event wagering.
C. An applicant for a supplier license shall demonstrate that the equipment,  system or services that the applicant plans to offer to the event wagering operator conform to standards established by the department and applicable state law. The department may accept approval by another jurisdiction that the department determines has similar equipment standards as evidence the applicant meets the standards established by the department and applicable state law.
D. An applicant shall pay to the department a nonrefundable license and application fee as prescribed by section 5-1310. A license is valid for two years. The department shall grant a renewal of a supplier license if the renewal applicant has continued to comply with all applicable statutory and regulatory requirements,  submits the renewal application on a department-issued renewal form and pays the renewal fee prescribed by section 5-1310. The department shall deposit,  pursuant to sections 35-146 and 35-147,  the fees collected from licensees under this subsection in the event wagering fund established by section 5-1318.
E. A supplier shall submit to the department a list of all event wagering equipment and services sold,  delivered or offered to an event wagering operator in this state,  as required by the department,  all of which must be tested and approved by an independent testing laboratory approved by the department. An event wagering operator or limited event wagering operator may continue to use supplies acquired from a licensed supplier,  even if a supplier's license expires or is otherwise canceled,  unless the department finds a defect in the supplies.