reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-813 - Disadvantaged business enterprise participation goals; contractor employment requirements

5-813.
Disadvantaged business enterprise participation goals;  contractor employment requirements
A. Notwithstanding any other law,  the authority shall:
1. Establish disadvantaged business enterprise participation goals for the design,  engineering and construction of the multipurpose facility under section 5-807 based on the availability of ready,  willing and able disadvantaged business enterprises compared to the general population of consultants,  prime contractors and subcontractors,  suppliers and service providers.
2. Establish procedures for meeting these goals,  including compiling a registry of disadvantaged business enterprises that are certified by a local,  county or state agency.
3. Require monthly reports by the project coordinator regarding compliance with the goals.
4. Monitor compliance with this section through intergovernmental agreements with a state or county disadvantaged business enterprise program monitor or a contract with an independent organization that is experienced in monitoring disadvantaged business enterprise programs.
5. Impose sanctions if,  based on recommendations of the monitoring organization,  the authority determines that a good faith effort was not made to comply with the established procedures.
B.    The authority shall provide that any contract with respect to the design,  engineering and construction of the multipurpose facility under section 5-807 shall require each prime contractor and major subcontractors to provide health insurance to the contractor's employees and dependents of the contractor's employees,  except for those employees who work less than one hundred twenty days in a calendar year.
C. The executive director,  the project coordinator and all persons who enter into contracts,  agreements or understandings related to the construction and operation of the multipurpose facility shall comply with the procedures established pursuant to this section.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-814 - Monthly report; appearance before joint legislative budget committee

5-814.
Monthly report;  appearance before joint legislative budget committee
A. Within three weeks after the end of each calendar month the authority shall prepare a report signed by the executive director of the authority and transmit the report to the governor,  the legislature,  as provided by section 41-1178,  and the joint legislative budget committee. The report shall include a progress report of the activities of the authority during the previous month.
B. At the request of the chairman of the joint legislative budget committee,  the executive director shall appear before the joint legislative budget committee annually to report on the activities and financial performance of the authority during the previous year.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-815 - Intercollegiate football national championship and playoff games

5-815.
Intercollegiate football national championship and playoff games
A. The authority shall enter into a special use agreement for the sole purpose of hosting at the multipurpose facility an intercollegiate football national championship game or playoff games. The authority may only contract for this purpose with a nonprofit community based organization that has extensive experience in operating or managing intercollegiate football bowl games in this state.
B. A national championship game or playoff game,  hosted pursuant to subsection A,  shall not be considered an event conducted by the authority and shall be in addition to any other annual intercollegiate football game hosted at the multipurpose facility. Any special use agreement shall provide that:
1. The manager and operator of an intercollegiate football national championship game or playoff game:
(a) Is not required to pay to the authority:
(i) Any facility user fees,  including any fees on ticket sales,  discount sales or complimentary tickets related to the event.
(ii) Game day expenses for the 2007 national championship game in excess of two hundred seventy-five thousand dollars,  including any expenses associated with providing at least seventy-three thousand seats in the multipurpose facility.
(b) Has the exclusive rights to the marketing and pricing of all seats,  club seats and suites at the event,  broadcasting the event and the revenues for concession sales and temporary advertising related to the event.
(c) Has the right to use all communication systems and all other services and amenities located in the facility under the authority's control without the assessment of a fee,  a charge,  rent or a share of the revenue.
2. The scheduling of an intercollegiate football national championship game and its related activities and preparations for up to seventy-two hours before kickoff of the game has exclusive priority and use over any other event hosted by the authority at the facility except for a home playoff or wild card playoff game of a local professional football franchise. If a home playoff or wild card playoff game of a local professional football franchise is scheduled at the facility at the same time as the intercollegiate football national championship game or playoff game,  the parties shall agree to make appropriate adjustments for the timing necessary to host both events at the facility.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-831 - Annual budget

5-831.
Annual budget
A. Beginning in 2001,  on or before June 30 of each year the board shall hold a public hearing to adopt a budget for the following fiscal year that includes:
1. Receipts during the past fiscal year.
2. Expenditures during the past fiscal year.
3. Estimates of amounts necessary for expenses during the following fiscal year including amounts proposed for:
(a) Costs of planning,  constructing,  financing,  maintaining,  operating and managing a multipurpose facility.
(b) Promotional and marketing expenses of the authority.
(c) 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 from operations.
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 board may amend the budget on a finding of good cause.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-832 - General fund; investments

5-832.
General fund;  investments
A. The authority shall maintain a general fund,  divided into a construction account,  a facility revenue clearing account and a tourism revenue clearing account. The authority may establish additional accounts and subaccounts as necessary and convenient. All revenues and monies received by the authority shall initially be deposited in accounts and subaccounts in the general fund as provided by law.
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 become insufficient to meet the authority's obligations,  the board shall direct the treasurer to liquidate sufficient securities to meet all of the current obligations and immediately notify the auditor general of the insufficiency. The auditor general shall investigate and audit the circumstances surrounding the depletion of the fund and report the findings to the board.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-833 - Construction account

5-833.
Construction account
A. The authority shall maintain a construction account in the general fund consisting of:
1. Monies received by the authority from any source for the purpose of acquiring land for and funding the cost of constructing a multipurpose facility,  including financial participation for capital costs of the facility from any private or public source.
2. Proceeds of bonds issued by the authority pursuant to section 5-863,  which shall be held in a segregated bond proceeds subaccount in the construction account.
B. The authority may spend monies in the construction account for costs of any multipurpose facility purpose,  as defined in section 5-861.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-834 - Facility revenue clearing account

5-834.
Facility revenue clearing account
A. The authority shall maintain a facility revenue clearing account in the general fund consisting of:
1. Revenues received from dedicated public funding sources as provided by law.
2. Payments received from leasing,  subleasing or renting property owned,  leased or controlled by the authority.
3. Revenues received by the authority from admissions,  concessions and other proceeds from events held at a multipurpose facility owned or leased by the authority.
4. Gifts,  grants and donations received for operating purposes from any public or private source.
5. Proceeds from the sale of any of the authority s property.
6. Financial participation for operating costs received from the county or municipality in which a multipurpose facility owned or leased by the authority is located.
B. On the second Tuesday of each month,  the treasurer of the authority shall distribute all monies in the account in the following order of priority:
1. To the debt service account established by section 5-865,  an amount equal to one-twelfth of the annual debt service on bonds and other debt obligations of the authority that are secured in whole or in part by and payable from revenues or monies deposited to the facility revenue clearing account,  net of deposits to the debt service account pursuant to section 5-835,  subsection B,  paragraph 1.
2. To the operating account of the authority established by section 5-836,  all remaining monies in the facility revenue clearing account.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-836 - Operating account

5-836.
Operating account
A. The authority shall maintain an operating account consisting of monies transmitted to the account pursuant to sections 5-834 and 5-835.
B. The authority may spend monies in the operating account for costs incurred for any of the following purposes:
1. Operating,  marketing,  promoting,  furnishing and equipping a multipurpose facility.
2. Paying all costs associated with the authority s administrative duties as provided in sections 5-804 and 5-805.
3. Payment to the debt service account established by section 5-865 to be used for payment or early redemption of bonded indebtedness.
C. The authority shall establish in the operating account:
1. A reserve to meet future operating costs of the authority,  including amounts that are sufficient to pay all costs associated with events held at the multipurpose facility.
2. A reserve for repair,  replacement and removal costs associated with the multipurpose facility in an amount at least equal to twenty-five million dollars,  adjusted for inflation each year after 2001.
D. This state is not liable or responsible for the operating costs of the authority,  including the operating,  marketing,  promotion,  furnishing,  equipping,  repair or replacement costs of any facility or project funded by the authority.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-837 - Cactus league promotion account

5-837.
Cactus league promotion account
A. The authority shall maintain a cactus league promotion account consisting of monies transmitted to the account pursuant to section 5-835.
B. The authority shall use monies in the account for purposes of section 5-808.
C. The authority may pledge all or part of the revenues and other monies received by the authority to secure bonds or other debt obligations issued by the authority for the purposes of providing monies for expenditure under this section. As nearly as practicable,  the bonds issued pursuant to this subsection shall be authorized and issued in a manner consistent with article 3 of this chapter,  except that the proceeds of the bonds shall be spent pursuant to this section. The pledge securing bonds issued pursuant to this section is subordinate to the pledge securing bonds or other debt obligations issued pursuant to article 3 of this chapter and,  except for monies already in the cactus league promotion account,  to the distribution of monies pursuant to section 5-835,  subsection B,  paragraph 2.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-838 - Youth and amateur sports facilities account; reserve

5-838.
Youth and amateur sports facilities account;  reserve
A. The authority shall maintain a youth and amateur sports facilities account consisting of monies transmitted to the account pursuant to section 5-835.
B. The authority shall establish a youth and amateur sports facilities reserve within the account consisting of monies transmitted to the reserve pursuant to section 5-835,  subsection B,  paragraph 6. The authority shall transfer from the reserve to the account an amount equal to any deficiency in the monthly amount distributed to the account pursuant to section 5-835,  subsection B,  paragraph 3.
C. The authority shall use monies in the account for purposes of section 5-809.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-840 - Tax on hotels

5-840.
Tax on hotels
A. The qualified electors residing in the authority,  by majority vote at an election held in the authority,  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 a city or town 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 to levy the tax. The tax shall be in effect for three hundred sixty months.
C. The rate of the tax is one per cent of the tax base prescribed by section 42-5070.
D. Unless the context otherwise requires,  section 42-6102 governs the administration of the tax imposed under this section.
E. Each month the state treasurer shall transmit the net revenues collected pursuant to this section to the authority for deposit in the tourism revenue clearing account established by section 5-835.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-841 - Audit

5-841.
Audit
A. The board of directors 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 board shall pay negotiated and approved fees and costs of the certified public accountant and auditor general under this section from the operating account of the authority.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-861 - Definitions

5-861.
Definitions
In this article,  unless the context otherwise requires:
1. " Bond related expenses"  means any expenses incurred by the authority to issue and administer 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 in order to market and administer the bonds.
2. " Bonds"  means the bonds of the authority issued pursuant to this article.
3. " Multipurpose facility purpose"  includes the following purposes:
(a) Acquiring,  designing,  developing,  constructing,  reconstructing,  equipping,  repairing,  maintaining,  operating and improving a multipurpose facility and improvements.
(b) The payment of bond obligations.
(c) Bond related expenses.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-862 - Authorization of bonds

5-862.
Authorization of bonds
A. The authority may issue negotiable bonds pursuant to this article in such principal amount as,  in the opinion of the board,  is necessary to:
1. Provide sufficient monies for any multipurpose facility purpose.
2. Pay necessary bond related expenses.
3. Establish and fully or partially fund any reserves or sinking accounts established by the bond resolution.
4. Issue refunding bonds if the 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.
5. Refund any bonds issued by the authority if the bonds are secured from the same source of revenues as the bonds authorized in this article by issuing new bonds,  whether the bonds to be refunded have or have not matured.
6. Issue bonds partly to refund outstanding bonds and partly for any multipurpose facility purpose consistent with this article.
B. The board shall authorize the bonds by resolution. The resolution shall prescribe:
1. The authority s 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.
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 › § 5-863 - Issuance and sale of bonds; notice

5-863.
Issuance and sale of bonds;  notice
A. The board shall issue the bonds in the number and amount provided in the resolution.
B. The bonds may be sold by competitive bid or negotiated sale for public or private offering at the price and on the terms prescribed in the resolution.
C. The proceeds from the sale of the bonds shall be deposited in the bond proceeds subaccount established by section 5-864.
D. Title 35,  chapter 3,  article 7 applies to the board and to bonds issued under this article.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-864 - Bond proceeds subaccount

5-864.
Bond proceeds subaccount
A. If the authority issues bonds under this article,  the board shall establish a bond proceeds subaccount within the construction account established by section 5-833 consisting of monies received from the sale of the bonds.
B. The authority may use monies in the bond proceeds subaccount only for multipurpose facility purposes in the manner prescribed by this chapter.
C. The treasurer or fiscal agent of the authority shall administer and account for the bond proceeds subaccount.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-865 - Debt service account

5-865.
Debt service account
A. If the authority issues bonds under this article the board shall establish a debt service account 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 treasurer or fiscal agent of the authority shall administer and account for the debt service account.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-866 - Securing principal and interest

5-866.
Securing principal and interest
In connection with issuing bonds authorized by this article and to secure the principal and interest on the bonds,  the 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 authority.
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,  co-trustees,  agents,  consultants and other specialized services with respect to the bonds.
9. Contract with a financial institution,  insurance company or indemnity company to provide additional security for the bonds in the form of a line of credit,  letter of credit,  insurance policy or other security and pay the costs of this additional security from amounts provided in the bond issue or from other available sources.
10. Take any other action that in any way may affect the security and protection of the bonds or interest on the bonds.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-867 - Lien of pledge

5-867.
Lien of pledge
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 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 › § 5-868 - Bond purchase; cancellation

5-868.
Bond purchase;  cancellation
The 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 › § 5-869 - Payment of bonds

5-869.
Payment of bonds
A. The bonds shall be paid solely from monies in the debt service account.
B. Neither the members of the board nor any person executing the bonds is personally liable for the payment of the bonds.
C. The treasurer or fiscal agent of the authority shall cancel all bonds when paid.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-870 - Use of surplus monies

5-870.
Use of surplus monies
A. If a balance remains in the bond proceeds subaccount after all acquisition,  construction and related costs have been paid:
1. The board shall credit the balance to repay any other outstanding indebtedness of the authority.
2. If the authority has no outstanding indebtedness,  the board shall credit the remaining balance to the authority s operating account established by section 5-836.
B. If a balance remains in the debt service account after payment of all bonds,  interest and other charges related to bonds issued under this article,  the board shall credit the balance to the authority s operating account established by section 5-836.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-871 - Investment of monies in the bond proceeds subaccount

5-871.
Investment of monies in the bond proceeds subaccount
A. The board may authorize the treasurer or fiscal agent of the authority to invest monies in the bond proceeds subaccount in the manner prescribed by section 5-873.
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 treasurer or 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 subaccount shall be credited to that subaccount.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-872 - Investment of monies in debt service account

5-872.
Investment of monies in debt service account
A. The board may authorize the treasurer or fiscal agent of the authority to invest and reinvest any monies in the debt service account as provided by section 5-873.
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 treasurer or 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 to that account.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-873 - Authorized investments of monies

5-873.
Authorized investments of monies
A. The monies in either the bond proceeds subaccount or the debt service account may be invested and reinvested at the direction of the 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 by 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.
B. The purchase of the securities shall be made by the treasurer or fiscal agent on authority of a resolution of the board. The treasurer or fiscal agent shall act as custodian of all securities purchased.
C. The 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 › § 5-874 - Deposit and disbursement of monies

5-874.
Deposit and disbursement of monies
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 treasurer or fiscal agent in financial institutions that the board designates and that are insured by an agency or instrumentality of the United States. The monies shall be disbursed as the 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 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 › § 5-875 - Characteristics of bonds; negotiable; obligation; legal investments; exemption from taxation

5-875.
Characteristics of bonds;  negotiable;  obligation;  legal investments;  exemption from taxation
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 obligations of the authority. The members of the board and persons who execute the bonds are not personally liable for payment of the bonds.
2. Are payable only according to their terms.
3. Are obligations of the authority and are not general,  special or other obligations of this state.
4. Do not constitute a debt of this state.
5. Are not enforceable against this state nor is payment of the bonds enforceable out of any monies other than the revenue pledged and assigned to,  or in trust for the benefit of,  the holder or holders of the bonds.
6. 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.
7. 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 › § 5-876 - Effect of changing circumstances on bonds; agreement of state

5-876.
Effect of changing circumstances on bonds;  agreement of state
A. Bonds issued under this article remain valid and binding obligations of the authority notwithstanding that before the delivery of the bonds any of the persons whose signatures appear on the bonds cease to be officers 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 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 › § 5-877 - Validity of bonds; legal opinion

5-877.
Validity of bonds;  legal opinion
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 multipurpose facility for which the bonds are issued.
C. The board may submit any bonds to be issued under this article to the attorney general after all proceedings for authorizing the bonds have been completed. On submission the attorney general 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 attorney general 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 › § 5-1101 - Definitions

5-1101.
Definitions
(Conditionally Rpld.)
In this chapter,  unless the context otherwise requires:
1. " Advisory board"  means the advisory board of the sports authority.
2. " Authority"  means a sports authority established pursuant to this chapter.
3. " Authority board"  means the governing board of the sports authority.
4. " Board of directors"  means the county board of supervisors serving as the board of directors of the district.
5. " District"  means a sports authority district established pursuant to this chapter.
6. " Multipurpose facility"  means a stadium or a facility for youth sports that is adapted for additional entertainment,  cultural,  civic,  meeting,  trade show or convention events,  on-site infrastructure and related parking facilities and commercial activity within the facility.
7. " Stadium"  means a facility intended primarily for use by one or more major league baseball spring training operations,  including baseball stadiums,  clubhouses,  practice facilities,  other related facilities,  on-site infrastructure and related parking facilities and commercial activity within the facility.
8. " Youth sports"  means recreational and amateur sporting related activities and competitions organized in the district.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1102 - Formation of district; board of directors; duties

5-1102.
Formation of district;  board of directors;  duties
(Conditionally Rpld.)
A. A sports authority district is established in each county having a population of more than five hundred thousand but less than two million persons. The boundaries of the district are the boundaries of the county.
B. The county board of supervisors shall serve as the board of directors of the district. The directors shall not receive compensation or reimbursement of expenses for their services as the board of directors.
C. The board of directors may call an election for the establishment of a sports authority district in the county as provided by section 5-1103,  subsection A.
D. The board of directors shall:
1. Appoint certain members of the governing board of the sports authority as provided by section 5-1103,  subsection D.
2. Approve a budget of the authority pursuant to section 5-1131.
3. Approve the issuance of revenue bonds of the authority pursuant to article 3 of this chapter.
E. The district is a corporate and political body,  separate and independent of this state or the county,  and except as otherwise limited,  modified or provided by this chapter,  has all of the rights,  powers and immunities of municipal corporations except to acquire real property by eminent domain. The board of directors and the district do not have the authority to levy or otherwise impose any tax or assessment,  other than charges for the use of facilities owned or managed by the district. The qualified electors residing in the district may levy a tax for the fiscal needs of the authority as provided by this chapter,  but the board of directors has no independent authority to impose a tax. Subject to that limitation,  the district is considered to be a tax levying public improvement district for the purposes of article XIII,  section 7,  Constitution of Arizona.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1105 - Executive director; duties

5-1105.
Executive director;  duties
(Conditionally Rpld.)
A. The executive director of the authority is responsible to the authority board for managing,  administering and supervising the activities of the authority.
B. The executive director shall negotiate,  make,  execute,  acknowledge and perform contracts and other agreements in the interest of the authority or to carry out or accomplish the purposes of this chapter,  including construction contracts and agreements with users of a multipurpose facility,  all of which are subject to approval by the authority board.
C. The executive director shall:
1. Employ a fiscal agent to deposit,  hold,  invest and disburse the authority's monies.
2. Employ administrative and clerical employees and prescribe the terms and conditions of their employment as necessary to carry out the purposes of the authority. Employees of the authority are considered to be public employees for purposes of title 38.
3. Recommend the employment of consultants by the authority board,  including outside counsel and a professional facility management company.
4. Direct the activities of outside consultants.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1106 - Major league baseball spring training facilities; local financial participation

5-1106.
Major league baseball spring training facilities;  local financial participation
(Conditionally Rpld.)
A. The authority may:
1. Acquire land or construct,  finance,  furnish,  improve,  market or promote the use of existing or proposed major league baseball spring training facilities that are located in the authority and other structures,  utilities,  roads,  parking areas or buildings necessary for full use of the training facilities for sports and other purposes.
2. Do all things necessary or convenient to accomplish the purposes described in this subsection.
B. Except as provided by section 5-1139,  monies of the authority may be used for the purposes of:
1. Attracting major league baseball spring training operations to locations in the authority.
2. Retaining major league baseball spring training operations in their current locations in the authority.
C. The authority board may require that any project undertaken pursuant to this section include financial participation from the county or municipality in which the project is located,  from a private party or from any combination of these entities. Capital improvement monies spent by a county,  municipality or private party for a purpose authorized by this section may be considered to be financial participation with respect to any project the authority may undertake if the expenditures occur after the authority is established.
D. For the purposes of financing,  designing or constructing facilities or structures,  the authority is not the agent of any other party participating in the funding of the facility or structure.
E. Before undertaking the planning or construction of the first new facility under this section,  the authority board may consider the costs of anticipated required renovations of existing facilities and shall consider such costs for subsequent new facilities.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1107 - Youth sports and recreation; local financial participation

5-1107.
Youth sports and recreation;  local financial participation
(Conditionally Rpld.)
A. Except as provided by section 5-1139,  the authority shall spend at least ten per cent of its general revenues for the purpose of promoting youth sports and recreation and may:
1. Acquire land or construct,  finance,  furnish,  maintain,  improve,  operate,  market or promote the use of youth sports facilities,  recreational facilities and other community facilities or programs that are located in the authority.
2. Do all things necessary or convenient to accomplish the purposes described in this subsection.
B. The authority board may require that any project undertaken pursuant to this section include financial participation from the county,  municipality or school district in which the project is located,  from any other party or from any combination of these entities. Capital improvement monies spent by a county,  municipality,  school district or other party for a purpose authorized by this section may be considered to be financial participation with respect to any project the authority may undertake if the expenditures occur after the authority is established.
C. For the purposes of financing,  designing,  constructing or operating facilities or structures,  the authority is not the agent of any other party participating in the funding of the facility or structure after the authority is established.
D. For the purposes of subsection A of this section,  the amount spent shall be measured at the end of every tenth fiscal year following the establishment of the authority for the entire period since the formation of the authority,  except that the requirement shall not interfere with,  delay or impede the payment of any amounts due and payable on any outstanding obligation of the authority.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1108 - Gift ban; exemptions

5-1108.
Gift ban;  exemptions
(Conditionally Rpld.)
A. A principal or lobbyist or any other person acting on behalf of a principal or lobbyist shall not give a gift to any member of the board of directors or any member or employee of the authority board,  and an authority board member or employee shall not accept a gift from a principal or lobbyist.
B. For the purposes of this section,  a gift does not include any of the following:
1. Salary,  compensation or employer reimbursed expenses lawfully paid to a board member or employee.
2. A family gift.
3. An award or prize that is given to competitors in a contest or event that is open to the public,  including a random drawing.
4. Any discount or other benefit that is offered to a board member or employee on the same conditions as to the public,  to a class consisting of all board members and employees or to a group or class in which membership is unrelated to being a board member or employee.
5. An educational event or speaking engagement.
6. Expenses relating to a special event or function to which all members of the board are invited and that are properly reported.
7. Flowers.
8. Food and beverage.
9. Informational material,  including a book,  calendar,  pamphlet,  periodical,  report or video.
10. An item that is not used and that is returned to the donor within fifteen days after receipt or that is delivered to a charitable organization within fifteen days after receipt and that is not claimed as a charitable contribution for state or federal income tax purposes.
11. An item that is given to a board member or employee if the board member or employee gives an item of approximately the same value to the giver of the item at the same time that the item is given or on a similar occasion as the one that prompted the original item to be given.
12. An item of a personal nature that was customarily received by an individual from the donor before the individual became a board member or employee.
13. An item that is given to the general public at an event.
14. An item of nominal value such as a greeting card,  baseball cap,  t-shirt,  mug or pen.
15. Nonrecreational travel or lodging,  or both.
16. Personal hospitality.
17. A plaque,  award or other form of recognition to a board member or employee to signify the honorary recognition of a service or other notable accomplishment.
18. Professional or consulting services that are rendered on matters directly related to holding a position on the board or being an employee of the board and that are not rendered to obtain a benefit for any registered principal,  public body,  lobbyist,  designated public lobbyist or authorized public lobbyist or the clients of a principal or lobbyist.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1109 - Regulating sale, use and consumption of alcoholic beverages

5-1109.
Regulating sale,  use and consumption of alcoholic beverages
(Conditionally Rpld.)
Subject to the requirements of title 4,  the authority board may permit and regulate the sale,  use and consumption of alcoholic beverages at events held on property acquired,  leased or subleased under this chapter.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1110 - Conflicts of interest

5-1110.
Conflicts of interest
(Conditionally Rpld.)
A. The members of the authority board are subject to title 38,  chapter 3,  article 8,  relating to conflicts of interest,  including the penalties prescribed by section 38-510.
B. A member of the board of directors shall not have any direct or indirect financial interest in any:
1. Property owned,  purchased or constructed by the district.
2. Contract entered into by the district.
3. Private corporation or other entity with which the district contracts.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1111 - Performance audits

5-1111.
Performance audits
(Conditionally Rpld.)
A. Beginning in 2011 and at least every fifth year thereafter,  the auditor general shall conduct or cause to be conducted a performance audit,  as defined in section 41-1278,  of the authority.
B. On or before June 30 of the respective year,  the auditor general shall issue a public report of the performance audit,  including findings and specific recommendations for statutory and administrative changes to improve the operation of the authority. The auditor general shall submit copies of the report to the governor,  the president of the senate,  the speaker of the house of representatives,  the secretary of state and the Arizona state library,  archives and public records.
C. The authority board shall pay the costs of the performance audits prescribed by this section from the authority's general fund.
2023 Arizona Revised Statutes › Title 5 - Amusements and Sports › § 5-1112 - Quarterly report; appearance before joint legislative budget committee

5-1112.
Quarterly report;  appearance before joint legislative budget committee
(Conditionally Rpld.)
A. Within six weeks after the end of each calendar quarter the authority shall prepare a report signed by the executive director and transmit the report to the governor,  the legislature,  as provided by section 41-1178,  and the joint legislative budget committee. The report shall include a progress report of the activities of the authority during the previous quarter.
B. At the request of the chairperson of the joint legislative budget committee,  the executive director shall appear before the joint legislative budget committee to report on the activities and financial performance of the authority during the previous year.