The secretary-treasurer of the authority shall:
1. Pay principal and interest due on bonds of the authority from the bond fund.
2. Invest monies in the bond fund, under the direction of the board, as provided in title 35, chapter 2.
Payment of interest; investment of bond fund monies
A.R.S. § 45-1976, under Financial Provisions.
A.R.S. § 45-1976