reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1642 - Financial aid trust fund; aid to students with verifiable financial need; endowment

15-1642.
Financial aid trust fund;  aid to students with verifiable financial need;  endowment
A. The Arizona board of regents may establish a financial aid trust fund for the purposes of providing immediate aid to students with verifiable financial need,  including students who are underrepresented in the population of university students or who by virtue of their special circumstances present unique needs for financial aid,  and creating an endowment for future financial aid. Subject to the limits provided in subsection B,  paragraph 3 of this section,  the board may assess a surcharge on registration fees paid by students for deposit in the fund. The fund shall also consist of monies deposited pursuant to section 15-1670,  subsection F.
B. The board shall adopt rules to govern the financial aid trust fund,  including the following:
1. Twenty-five percent of the monies received each year shall be placed in the trust fund as a permanent endowment. The remaining monies received shall be used for immediate aid for students with verifiable financial need. At least fifty percent of the immediate aid monies shall be used for grant aid.
2. The immediate aid monies shall be distributed to the universities on a pro rata basis based on relative student contributions to the fund.
3. The surcharge on student registration shall not exceed one percent of the registration fee for students taking more than six credit surcharge hours. The surcharge hours for students taking fewer than seven credit hours shall equal one-half the surcharge assessed students taking more than six credit hours.
C. Each dollar raised pursuant to the surcharge on student registration shall be matched by $2 appropriated by the legislature.
D. The board shall report every three years to the legislature on the status of the financial aid trust fund. The report shall include the use to which the monies have been put and the impact of such use.
E. Fund monies shall only be used in university assistance programs approved by the board and such monies shall be in addition to,  and not in replacement of,  existing state or institutional financial aid monies. Assistance may be provided to full-time or part-time students. Monies appropriated by this state shall not be used to provide assistance to students who are not residents of this state.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1643 - Arizona area health education system; centers; governing boards; duties

15-1643.
Arizona area health education system;  centers;  governing boards;  duties
A. The Arizona board of regents shall establish the Arizona area health education system in the college of medicine of the university of Arizona. The board shall appoint a system director.
B. The system shall consist of six area health education centers administered by the director of the Arizona area health education system. Each center shall represent a geographic area with specified populations that the system determines currently lack services by the health care professions. One center shall focus on the Indian health care delivery system.
C. The Arizona board of regents shall appoint a governing board for each center consisting of not fewer than ten people and not more than twenty people. Board membership shall consist of health care providers and consumers and shall reflect the ethnic representation of the center's geographic area. Each governing board shall make recommendations to the director regarding health professionals' educational needs,  local program priorities and the allocation of system monies. Board members are not eligible to receive compensation or reimbursement of expenses.
D. Each center shall conduct:
1. Physician and other health professional education programs that consist of any of the following:
(a) An undergraduate clinical training program.
(b) A graduate program.
(c) Postgraduate continuing education.
2. Programs to recruit and retain minority students in health professions.
3. Continuing education programs for health professionals.
E. The director shall submit a written report on or before November 15 of each year to the governor,  the president of the senate and the speaker of the house of representatives. The report shall contain the following:
1. The fiscal status of each center.
2. Information regarding center education,  outreach and training programs.
3. Information regarding placement of health care personnel in areas the director determines are underserved by these professionals.
4. An assessment of system accomplishments.
5. Recommendations for possible legislative action.
F. The system shall provide expertise and administrative services to each center.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1644 - Statewide commission; membership; qualifications; duties; compensation; staffing

15-1644.
Statewide commission;  membership;  qualifications;  duties;  compensation;  staffing
A. The Arizona board of regents shall appoint a statewide area health education centers commission consisting of not fewer than ten members and not more than twenty members who are knowledgeable about the delivery of health care in this state. Members of the commission shall advise the director on a regular basis on the management of the system and on the expenditure of monies appropriated for the system.
B. Commission members serve at the pleasure of the Arizona board of regents and are not eligible to receive compensation or reimbursement of expenses.
C. The Arizona area health education system shall provide staffing for the commission.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1645 - Health professions field scholarships; purpose; amount; repayment; definition

15-1645.
Health professions field scholarships;  purpose;  amount;  repayment;  definition
A. Each area health education center located in this state may grant and administer a scholarship in an amount of not more than eight thousand dollars for each student for each school year to at least two students who are residents of the center's geographic area and who are enrolled in a health professions program at an Arizona university. The scholarship shall be used to defray educational expenses including room and board.
B. A scholarship shall be granted on the condition that the student contractually agree to practice in the center's geographic area for two years or one year of service for each year of scholarship support,  whichever is longer,  after completing post-graduation training. If the recipient withdraws from school,  the recipient shall repay all scholarship monies within one year of the withdrawal. If the student is dismissed,  an appropriate mechanism shall be negotiated to arrange repayment of the remaining unforgiven balance with eight per cent interest.
C. For good cause a center may extend the time period for training prior to scholarship repayment.
D. The Arizona board of regents shall waive all tuition and fees for students granted a scholarship under this section if the legislature appropriates funds for this purpose.
E. For the purposes of this section " health professions program"  means enrollment in a school of medicine,  nursing,  pharmacy or physical therapy.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1646 - Board of regents and university scholarships; notification requirements

15-1646.
Board of regents and university scholarships;  notification requirements
The universities under the jurisdiction of the Arizona board of regents shall establish policies that ensure fair and equitable access by Arizona students from public,  private and charter schools and homeschools to scholarships,  including tuition waivers,  that are issued solely on the basis of academic merit and for which the universities establish and administer fair and equitable selection criteria. The universities under the jurisdiction of the Arizona board of regents shall:
1. Annually report to the board and publish and disclose to the extent permitted by state and federal law the following information related to each merit based scholarship awarded to students from public,  private and charter schools and homeschools by each university,  for the prior academic year:
(a) The total number and dollar amount of awards and total number of applicants.
(b) The total number and dollar amount of awards and total number of applicants by type of student.
(c) The specific criteria used to award each scholarship,  including average and range of SAT and ACT scores.
(d) The number of newly awarded scholarships and the number of renewed scholarships.
2. Notify students in this state of scholarship awards in a timely manner without regard to whether the students are from public,  private or charter schools or homeschools.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1647 - Water rights adjudication; cooperative extension; establishment; assistance; annual report

15-1647.
Water rights adjudication;  cooperative extension;  establishment;  assistance;  annual report
A. To the extent permitted by court rule,  a university under the jurisdiction of the Arizona board of regents may offer pro bono assistance to claimants who are small landowners in the general stream adjudication of water rights filed pursuant to title 45,  chapter 1,  article 9 and who are not represented by counsel. A university that offers assistance pursuant to this subsection may represent a claimant in the adjudication until that claimant proceeds to an evidentiary hearing or to some other contested proceeding that is similar to a trial. If the claimant has not settled the claim,  the university may not represent that claimant at an evidentiary or similarly contested hearing.
B. Any university that offers assistance pursuant to subsection A of this section shall cooperate and coordinate with the faculty of a cooperative extension in this state that has a program to support the economic vitality of rural communities and the use of natural resources in those rural communities.
C. On or before November 15 of each year,  a university that offers assistance pursuant to subsection A of this section shall submit a written report of the university's assistance activities to the governor,  the speaker of the house of representatives and the president of the senate and shall provide a copy of this report to the secretary of state.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1648 - Technology and research initiative fund; purpose

15-1648.
Technology and research initiative fund;  purpose
A. The technology and research initiative fund is established consisting of revenues transferred to the fund pursuant to section 42-5029,  subsection E,  paragraph 2 and section 42-5029.02,  subsection A,  paragraph 2. The Arizona board of regents shall administer the fund. The monies in the fund are continuously appropriated to the Arizona board of regents for distribution pursuant to this section and are exempt from the provisions of section 35-190 relating to lapsing of appropriations.
B. The board shall adopt rules to administer the technology and research initiative fund in accordance with this section. The board may allocate up to twenty percent of the monies in the fund to be used for capital projects relating to new economy initiatives,  including debt service,  for the universities under its jurisdiction,  pursuant to article 5 of this chapter.
C. The Arizona board of regents shall receive requests from the individual universities and shall determine the amount and duration of each award. The criteria for the evaluation of each request shall be as follows:
1. The award must be related to one of the following:
(a) A specific academic or research field.
(b) The expansion of access to baccalaureate or postbaccalaureate education for time-bound and place-bound students.
(c) The implementation of recommendations of the Arizona partnership for the new economy or the governor's task force on higher education.
2. The award may be used to develop new and existing programs that will prepare students to contribute in high technology industries located in this state.
3. The award may be used in conjunction with matching financial assistance from private industry.
4. The Arizona board of regents shall give preference to requests that are developed in conjunction with private industry,  private entities or federal agencies.
D. The Arizona board of regents shall submit a report to the governor,  the president of the senate and the speaker of the house of representatives on or before September 1 of each year on the technology and research award program and shall transmit a copy to the secretary of state. The report shall include a description of the amount and duration of each new award distributed and a description of the purpose and goals for each award. For existing awards,  the Arizona board of regents shall use a detailed set of performance measures to determine the overall effectiveness of each award.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1649 - Fingerprinting academic and nonacademic personnel; civil immunity; definitions

15-1649.
Fingerprinting academic and nonacademic personnel;  civil immunity;  definitions
A. The finalist for a security or safety-sensitive position at a university that is under the jurisdiction of the Arizona board of regents shall be fingerprinted as a condition of employment. The finalist shall submit a full set of fingerprints to the university for the purpose of obtaining a state and federal criminal records check pursuant to section 41-1750 and Public Law 92-544. The department of public safety may exchange this fingerprint data with the federal bureau of investigation.
B. A university may use information obtained pursuant to this section only for the purpose of evaluating the finalists for employment in security or safety-sensitive positions. A university may provide information received pursuant to this section to any other university that is evaluating the finalist for employment if the university is under the jurisdiction of the Arizona board of regents. A university may refuse to hire,  may rescind an offer of employment to or may review and terminate the employment of a finalist or employee who has been convicted of or who has admitted committing any criminal offense. A university that is considering terminating an employee pursuant to this subsection shall provide due process to the employee in accordance with policies adopted by the Arizona board of regents and the university before taking disciplinary action.
C. A university that relies on information obtained pursuant to this section in making employment decisions is immune from civil liability for use of the information unless the information obtained is false and the university knows the information is false or acts with reckless disregard of the information's truth or falsity.
D. A security or safety-sensitive position shall be identified as a security or safety-sensitive position in the job description and in any advertisements for the position.
E. For the purposes of this section:
1. " Finalist"  means any person in the group of individuals actually submitted to the hiring official for selection as a new hire or any employee of a university who seeks a transfer,  a reclassification or a reassignment to a security or safety-sensitive position.
2. " Security or safety-sensitive position"  means any position designated as a security or safety-sensitive position by a university due to applicable federal or state law or pursuant to rules or policies adopted by the Arizona board of regents or the university.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1650 - Annual financial aid report

15-1650.
Annual financial aid report
A. On or before December 1 of each year,  the Arizona board of regents shall submit to the governor,  the president of the senate,  the speaker of the house of representatives and the joint legislative budget committee a financial aid report with information from the two prior fiscal years. The report shall provide information for each institution under the jurisdiction of the board,  a comparison to peer institutions,  and summary information for the entire university system.
B. The report shall separately delineate both full-time resident undergraduate and full-time resident graduate students.
C. For each group identified in subsection B,  the annual financial aid report shall detail the following:
1. Cost of attendance,  delineated by tuition rates,  mandatory fees,  room and board charges,  book purchases and travel and related personal expenses.
2. Expected family contribution.
3. Gift aid,  delineated by source type. Source types include federal,  state,  institutional and private.
4. Loans,  delineated by subsidized amounts,  unsubsidized amounts and amounts loaned to the parents of students.
5. Employment,  delineated by program type. Program types include federal work-study,  institutional work-study,  graduate assistantships and outside work.
D. The Arizona board of regents and the staff of the joint legislative budget committee shall jointly determine the methodology and format of the report.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1650.01 - Hospitality studies scholarship fund

15-1650.01.
Hospitality studies scholarship fund
A. The hospitality studies scholarship fund is established consisting of revenues available to the fund from any lawful source. The Arizona board of regents shall administer the fund and may partner with any statewide lodging and tourism association that provides matching monies in administering the fund. Monies in the fund are subject to legislative appropriation for the purposes of this section and are exempt from the provisions of section 35-190 relating to lapsing of appropriations.
B. The board shall use the monies in the fund to provide scholarships and other financial assistance to students entering into or enrolled in a hospitality studies program at any university under the jurisdiction of the board. The financial assistance shall be used to defray educational expenses,  including room and board. If a recipient withdraws from school or from the hospitality studies program before receiving a degree,  the recipient must repay all scholarship monies previously awarded to the recipient. If the recipient is dismissed from the university,  the board shall negotiate an appropriate repayment schedule plus eight percent simple interest.
C. For the purposes of this section,  " hospitality studies program"  means any undergraduate or graduate academic studies program relating to operation or management of hotels,  motels or other facilities for transient lodging as described in section 42-5070,  subsection A or restaurants as described in section 42-5074.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1650.05 - COVID-19 vaccine; face covering; testing; mandate prohibition; exceptions

15-1650.05.
COVID-19 vaccine;  face covering;  testing;  mandate prohibition;  exceptions
(L21,  Ch. 410,  sec. 2)
A. Except as otherwise provided in this section,  the Arizona board of regents,  a public university or a community college may not require that a student obtain a COVID-19 vaccination or show proof of receiving a COVID-19 vaccination or place any conditions on attendance or participation in classes or academic activities,  including mandatory testing or face covering usage,  if the person chooses not to obtain a COVID-19 vaccination or disclose whether the person has been vaccinated against COVID-19,  unless the vaccination or other mandate is required by the laws of this state.
B. A health care institution may require a student who participates in a clinical setting at the health care institution to provide proof of COVID-19 vaccination and be subject to regular health screenings and testing as determined by the health care institution. For the purposes of this subsection,  " health care institution"  includes a hospital,  a nursing care institution,  a residential care institution,  an intermediate care facility for individuals with intellectual disabilities and a group home or other medical facility licensed pursuant to title 36.
C. A public university may require testing only if a significant COVID-19 outbreak occurs in a shared student housing setting that poses a risk to the students or staff. The university must receive approval from the department of health services before implementing the testing requirement.
D. This section does not apply to students who are engaged in research or testing that involves a live COVID-19 virus.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1650.06 - Arizona veterinary loan assistance program; fund; annual report; rules; definitions

15-1650.06.
Arizona veterinary loan assistance program;  fund;  annual report;  rules;  definitions
A. The Arizona veterinary loan assistance program is established within the Arizona board of regents.
B. The Arizona veterinary loan assistance fund is established consisting of legislative appropriations. The board shall administer the fund. Monies in the fund are continuously appropriated and are exempt from the provisions of section 35-190 relating to lapsing of appropriations. The board shall use monies in the fund for the purposes prescribed in this section and may retain up to three percent of the monies deposited in the fund for costs associated with administering the program.
C. A person who obtains a doctor of veterinary medicine degree from a veterinary college after January 1,  2023 and who signs an agreement pursuant to subsection D of this section may apply to the board to participate in the program.
D. To participate in the program,  the board shall require an applicant to sign an agreement to both:
1. Remain and work as a full-time veterinarian in this state for the following four years.
2. Work in one of the following practice areas for at least two of the four years:
(a) Agricultural practice in an area designated by the United States department of agriculture as having a shortage.
(b) A nonprofit,  county or municipal shelter.
E. At the conclusion of the four-year commitment described in subsection D of this section,  the board shall determine whether the veterinarian satisfied the terms of the agreement described in subsection D of this section. If the board determines that the veterinarian satisfied the terms of the agreement described in subsection D of this section,  the board shall distribute to the veterinarian from the Arizona veterinary loan assistance fund an amount that is equal to the amount of the veterinarian's outstanding veterinary college educational loan balance or $100, 000,  whichever is less. The board shall distribute monies from the fund subject to the availability of monies and legislative appropriation and on a first-come,  first-served basis. For the purposes of this subsection,  " educational loan balance"  means the balance of the principal,  interest and related expenses of the educational loan.
F. On or before October 1 of each year,  the board shall compile a report that details how the Arizona veterinary loan assistance fund monies are being spent and shall submit this report to the governor,  the president of the senate and the speaker of the house of representatives. The board shall submit a copy of this report to the secretary of state.
G. The board may adopt rules for the purposes of carrying out this section.
H. For the purposes of this section:
1. " Board"  means the Arizona board of regents.
2. " Veterinarian"  has the same meaning prescribed in section 32-2201.
3. " Veterinary college"  has the same meaning prescribed in section 32-2201.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1651 - Teacher training schools

15-1651.
Teacher training schools
A. Every teacher training school established in connection with the state universities shall be a part of the school system and a branch of the school district within which the training school is located.
B. Training schools shall be governed by the laws and regulations relating to schools except as otherwise provided in this article.
C. Students in the state universities may,  under rules prescribed by the Arizona board of regents,  teach in the training schools and other schools without being certificated teachers.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1652 - Management and expenses

15-1652.
Management and expenses
A. Every teacher training school shall be under the supervision and management of the Arizona board of regents. All teachers in the school,  except the principal,  shall be employed by the Arizona board of regents and the governing board of the school district in which the training school is located,  acting jointly.
B. The school district shall pay towards the expense of a teacher training school an amount equal to one-half of the school monies which it is entitled to have apportioned to it based on the student count at the training school during the preceding school year,  but pupils attending from another school district shall not be credited with enrollment in the school district in which the university is located.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1653 - Authority to prescribe rules governing admission and attendance

15-1653.
Authority to prescribe rules governing admission and attendance
The Arizona board of regents and the governing board of the school district in which a teacher training school is located shall jointly prescribe rules and regulations governing admission and attendance at the training school of children of school age who reside within the school district and governing all pupils in changing their attendance from the training school to another school in the school district. The Arizona board of regents may admit all children of school age residing within the school district who are not then registered during that year for attendance at another school of the school district for attendance at the training school up to such number as necessary for the conduct of the training school.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1656 - Suicide prevention training programs; requirements

15-1656.
Suicide prevention training programs;  requirements
Each teacher,  school counselor or school social worker training program in this state shall develop or adopt evidenced-based instruction on suicide awareness and prevention and provide that instruction to all teacher,  school counselor and school social worker candidates in the respective training program. The instruction shall include:
1. Training in suicide prevention.
2. Training to identify the warning signs of suicidal behavior in adolescents and teens.
3. Appropriate intervention and referral techniques.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1663 - Expenditure of land funds; eminent scholars matching grant fund

15-1663.
Expenditure of land funds;  eminent scholars matching grant fund
A. Except as provided in subsection B of this section,  the Arizona board of regents may expend,  as it deems expedient and as is not inconsistent with the provisions of any appropriation,  the income of the land funds established pursuant to the enabling act in accordance with the purposes specified in the enabling act for each land fund specified in section 15-1662.
B. Beginning with the 1998-1999 fiscal year,  the universities land fund shall be known as the eminent scholars matching grant fund and shall consist of the annual income from the universities land fund. The eminent scholars matching grant fund shall be used to provide to the universities matching monies for the interest earned on nonpublic endowment monies donated to attract and retain eminent faculty. Appropriations to the Arizona board of regents for the eminent scholars matching grant fund shall commence in the 1998-1999 fiscal year. The eminent scholars matching grant fund shall be allocated as follows:
1. Monies in the eminent scholars matching grant fund shall be used to supplement and not supplant any other sources of monies for the universities. Monies shall be allocated to each university on a dollar-for-dollar match basis. The amount allocated shall be equal to the amount of interest earned in the previous calendar year by each university on the nonpublic endowment monies donated from and after December 31,  1997 which are designated by the universities as being solely for the purpose of attracting and retaining eminent faculty.
2. If the monies appropriated by the legislature for the eminent scholars matching grant fund are greater than the amount of interest earned on the nonpublic endowment monies designated by the universities for expenditure as provided in this subsection,  the board may allocate the excess monies as provided in subsection A of this section.
3. If the monies appropriated by the legislature for the eminent scholars matching grant fund are less than the amount of interest earned on the nonpublic endowment monies designated by the universities for expenditure as provided in this subsection,  the board shall allocate the monies to each university in a manner deemed appropriate.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1664 - Expenditure of monies

15-1664.
Expenditure of monies
All monies for the use and benefit of an institution under its jurisdiction shall be expended under the direction and control of the Arizona board of regents for the support and maintenance of such institution,  buildings and grounds,  and for any other purpose the board deems expedient if not inconsistent with provisions of any appropriations.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1667 - Federal aid to experiment stations

15-1667.
Federal aid to experiment stations
The state assents to the provisions and accepts the benefits of the act of Congress entitled " an act to authorize the more complete endowment of agricultural experiment stations and for other purposes,  approved February 24,  1925."  The Arizona board of regents is designated as a state board for the purposes of this section and is empowered to cooperate with agencies of the federal government in administering the federal law.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1668 - Deposits of universities monies to be secured; exception

15-1668.
Deposits of universities monies to be secured;  exception
A. Monies deposited by the universities shall be secured by regularly issued and interest-bearing bonds of the United States government or state,  county,  municipal or school district improvement bonds of this state of a market value equal at all times to the amount of the deposits,  and all public depositories are directed to give such security.
B. The public depository may,  in lieu of depositing bonds described in this section,  deposit the safekeeping receipt of a federal reserve bank or any bank located in a central reserve city whose combined capital and surplus on the date of the safekeeping receipt is ten million dollars or more,  evidencing the deposit therein of such securities. The safekeeping receipt shall be endorsed or assigned to the comptroller of the respective institution making the deposit.
C. The condition of the deposit of securities,  or a safekeeping receipt in lieu thereof,  shall be that the public depository will upon lawful demand therefor promptly pay the monies in its custody to the institution making the deposit.
D. Notwithstanding the requirements of this section,  any public depository under the provisions of title 35,  chapter 2 may accept deposits of public monies to the total authorized insurance on accounts insured by the federal deposit insurance corporation or the federal savings and loan insurance corporation without depositing a surety bond or securities in lieu of such security bond.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1669 - Payment of salaries; sick leave

15-1669.
Payment of salaries;  sick leave
A. The Arizona board of regents may provide for payment of annual salaries of any person appointed or employed as provided in section 15-1626,  subsection A,  paragraph 2,  over a twelve month pay period pursuant to agreement between such person and the board.
B. The Arizona board of regents shall require institutions under its jurisdiction as part of payroll reporting procedures to identify and report hours of sick leave earned by any person appointed or employed as provided in section 15-1626,  subsection A,  paragraph 2,  and absences on account of sickness. Compensation paid to employees on account of sickness shall be so identified in the accounting records of the institution.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1682 - Powers

15-1682.
Powers
The board shall have power for each institution,  as defined in this article,  to:
1. Acquire,  if authorized by the legislature,  any project or projects,  or any combination thereof,  and to secure indirect or third-party financing for or own,  operate and maintain the same and establish,  own,  operate and maintain a system of building facilities.
2. Acquire by purchase,  contract,  lease-purchase,  lease or gift,  and hold or dispose of,  real or personal property or rights or interest therein.
3. Accept grants,  subsidies or loans of monies from a federal agency,  or others,  on such terms and conditions as may be imposed,  and to pledge the proceeds of grants,  subsidies or loans of monies received or to be received from the United States of America or any agency or instrumentality thereof,  or others,  pursuant to agreements entered into between the board and the United States of America,  or any agency or instrumentality thereof,  or others.
4. Borrow monies and issue bonds to acquire any one project,  or more than one,  or any combination thereof,  if authorized by the legislature,  and to refund bonds heretofore or hereafter issued to acquire any project or projects,  or to refund any such refunding bonds,  or for any one,  or more than one,  or all of such purposes,  or any combination thereof,  and to provide for the security and payment of such bonds and for the rights of the holders thereof.
5. Make contracts and leases and execute all instruments and perform all acts and do all things necessary or convenient to carry out the powers granted in this article.
6. Retain in its treasury:
(a) All monies received from the sale of all bonds issued under this article.
(b) All fees,  tuitions,  rentals and other charges from students,  faculty,  staff members and others using or being served by,  or having the right to use or the right to be served by,  or to operate,  any project.
(c) All fees for student activities and student services and all other fees,  tuitions and charges collected from students matriculated,  registered or otherwise enrolled at and attending each institution pledged under the terms of any resolution authorizing bonds pursuant to this article.
(d) All rentals from any facility or building leased to the United States of America.
7. Obtain lines of credit for cash management or liquidity purposes and to issue commercial paper as provided in section 15-1696.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1682.01 - Lease-purchase agreements

15-1682.01.
Lease-purchase agreements
A. Any lease-purchase agreement executed by the board relating to land acquisition,  capital projects,  energy systems or energy management systems shall provide that:
1. The obligation of this state to make any payment under the agreement is a current expense of the board and is not a general obligation indebtedness of this state or the board.
2. If the legislature fails to appropriate monies or the board fails to allocate monies for any periodic payment or renewal term of the agreement,  the agreement terminates at the end of the current term and this state and the board are relieved of any subsequent obligation under the agreement.
3. The joint committee on capital review shall review the project before the lease-purchase agreement takes effect.
B. A lease-purchase agreement under this section shall comply with the constitution and other laws of this state.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1682.02 - Indirect and third party financing; review; reporting

15-1682.02.
Indirect and third party financing;  review;  reporting
A. The board may secure indirect or third party financing for any project if the following conditions are met:
1. The term of the indirect or third party financing does not exceed the earlier of forty years or the useful life of the capital improvements.
2. The project for which indirect or third party financing is secured is reviewed by the joint committee on capital review. Private entities are not required to divulge proprietary information to the committee for review.
B. For a project that is to be developed on board or institutional land,  that is intended to be commercial in nature and if the majority of the project's business is anticipated to come from the nonuniversity population,  the board or institution shall report on the scope,  purpose and estimated cost of the project to the joint committee on capital review at least two months before the anticipated execution of an agreement. A private entity is not required to divulge proprietary information to the joint committee on capital review. The joint committee on capital review may provide recommendations to the board or a university on the reported project.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1682.03 - University capital improvement lease-to-own and bond fund; lease-to-own and bond capital improvement agreements

15-1682.03.
University capital improvement lease-to-own and bond fund;  lease-to-own and bond capital improvement agreements
A. The university capital improvement lease-to-own and bond fund is established consisting of the monies provided by the Arizona board of regents pursuant to this section,  monies deposited pursuant to section 5-572 and monies appropriated by the legislature. The board shall administer the fund. On notice from the board,  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. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.
B. Through revenues of the state university system,  the board shall annually provide monies to the fund of at least twenty per cent of the aggregate annual payments of lease-to-own and bond agreements entered into by the board pursuant to this section.
C. The board shall distribute monies in the fund to make payments pursuant to lease-to-own and bond agreements entered into by the board pursuant to this section. The board may enter into lease-to-own and bond agreements for the purposes of building renewal projects and new facilities. New lease-to-own and bond agreements entered into pursuant to this section shall not exceed one hundred sixty-seven million six hundred seventy-one thousand two hundred dollars in fiscal year 2008-2009 and four hundred million dollars in fiscal year 2009-2010. The board may enter into lease-to-own and bond transactions up to a maximum of eight hundred million dollars.
D. Notwithstanding section 5-572,  subsection G,  the amount of state lottery revenues distributed to the university capital improvement lease-to-own and bond fund in fiscal year 2009-2010 and fiscal year 2010-2011 shall not exceed an amount sufficient for up to eighty per cent of the annual payments of the first one hundred sixty-seven million six hundred seventy-one thousand two hundred dollars of new lease-to-own and bond agreements entered into pursuant to this section. The full amount of state lottery revenues distributed to the university capital improvement lease-to-own and bond fund pursuant to section 5-572,  subsection G shall be made available to the board for the remaining new lease-to-own and bond agreements up to eight hundred million dollars beginning in fiscal year 2011-2012.
E. In entering into lease-to-own and bond agreements pursuant to this section,  the board shall not obligate this state to provide any additional monies from the state lottery fund above the amounts authorized in this section and section 5-572,  subsection G. In entering into lease-to-own and bond agreements pursuant to this section,  the board shall not obligate any state general fund monies.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1686 - Effect on bonds authorized but unissued

15-1686.
Effect on bonds authorized but unissued
All acts granting authority to the board to construct or acquire any buildings,  projects or facilities and to issue bonds therefor shall be kept in full force and effect but shall be supplemented by this enactment if both of the following occur:
1. Bonds remain authorized but not sold and the land,  project,  buildings or facilities have not been fully acquired or constructed.
2. Due to the issuance of bonds authorized by this article,  any revenues which otherwise would have been used to secure the unissued bonds,  in whole or in part,  have been applied to payment of bonds authorized by this article,  then the board may issue the remaining bonds so authorized solely for the purposes of acquiring or constructing or completing the acquisition and construction of the projects heretofore authorized as parity bonds,  notwithstanding the fact that the acts authorizing such additional bonds may limit the revenues available to be pledged for their repayment to specified revenues of the board.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1687 - Enforcement of contract

15-1687.
Enforcement of contract
The provisions of this article and of any resolution or other proceeding authorizing the issuance of bonds shall constitute a contract with the holders of such bonds and the provisions thereof shall be enforceable either in law or in equity,  by suit,  action,  mandamus or other proceeding in any court of competent jurisdiction to enforce and compel the performance of all duties required by this article,  and by any resolution authorizing the issuance of bonds adopted responsive hereto.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1688 - Monies of the board

15-1688.
Monies of the board
No monies derived from the sale of bonds issued under the provisions of this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be required to be paid into the state treasury but shall be invested in obligations issued by or guaranteed by the United States or any of the senior debt of its agencies,  sponsored agencies,  corporations,  sponsored corporations or instrumentalities,  or shall be deposited by the treasurer or other fiscal officer of the board in such bank or banks or trust company or trust companies as may be designated by the board,  and all deposits of such monies shall,  if required by the board,  be secured by obligations of the United States of a market value equal at all times to the amount of such monies on deposit. Such monies shall be disbursed as may be directed by the board and in accordance with the terms of any agreements with the holder or holders of any bonds. This section shall not be construed as limiting the power of the board to agree in connection with the issuance of any of its bonds as to the custody and disposition of the monies received from the sale of such 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 15 - Education › § 15-1689 - Validity of bonds

15-1689.
Validity of bonds
The bonds bearing the signatures of officers of the board in office on the date of the signing thereof shall be valid and binding obligations,  notwithstanding that before the delivery thereof and payment therefor any or all persons whose signatures appear thereon shall have ceased to be such officers. The validity of the bonds shall not be dependent on nor affected by the validity or regularity of any proceedings to acquire any project financed by the bonds,  or to refund outstanding bonds,  or taken in connection therewith.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1690 - Prohibitions against obligating state of Arizona

15-1690.
Prohibitions against obligating state of Arizona
Nothing in this article shall be construed to authorize the board to contract a debt on behalf of,  or in any way to obligate,  the state of Arizona,  or to pledge,  assign or encumber in any way,  or to permit the pledging,  assigning or encumbering in any way,  of appropriations made by the legislature or revenue derived from the investment of the proceeds of the sale and from the rental of such lands as have been set aside by the enabling act approved June 20,  1910,  or other legislative enactments of the United States,  for the use and benefit of the board or the institution.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1691 - Bonds; obligations of board

15-1691.
Bonds;  obligations of board
All bonds issued pursuant to this article shall be obligations of the board issuing such bonds,  payable only in accordance with the terms thereof,  and shall not be obligations general,  special or otherwise of the state of Arizona. Such bonds shall not constitute a debt,  legal or moral,  of the state of Arizona,  and shall not be enforceable against the state,  nor shall payment thereof be enforceable out of any funds of the board or the institution issuing such bonds other than the income and revenue pledged and assigned to,  or in trust for the benefit of,  the holder or holders of such bonds.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1692 - Certification of bonds by attorney general

15-1692.
Certification of bonds by attorney general
The board may submit to the attorney general of the state of Arizona any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the attorney general,  it shall be the duty of the attorney general to examine into and pass upon the validity of such bonds and the regularity of all proceedings in connection therewith. If such proceedings conform to the provisions of this article and such bonds when delivered and paid for will constitute binding and legal obligations of the board enforceable according to the terms thereof,  the attorney general shall certify in substance upon the back of each of such bonds that it is issued in accordance with the constitution and laws of the state of Arizona.
2023 Arizona Revised Statutes › Title 15 - Education › § 15-1693 - Bonds as legal investments

15-1693.
Bonds as legal investments
The state and all counties,  cities,  towns and other municipal corporations,  political subdivisions and public bodies,  and public officers of any thereof,  all banks,  bankers,  trust companies,  savings banks and institutions,  building and loan associations,  investment companies and other persons carrying on a banking business,  all insurance companies,  insurance associations and other persons carrying on an insurance business and all executors,  administrators,  guardians,  trustees and other fiduciaries may legally invest any debt service funds,  monies or other funds belonging to them or within their control in any bonds issued pursuant to this article,  it being the purpose of this section to authorize the investment in such bonds of all debt service,  insurance,  retirement compensation,  pension and trust funds,  whether owned or controlled by private or public persons or officers,  except that nothing contained in this section may be construed as relieving any person,  firm or corporation from any duty of exercising reasonable care in selecting securities for purchase or investment.