Title 41 — State Government
53 chapters · 1,475 sections in this title.
A.R.S. § 41-5812 Lien of pledge
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A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The monies so pledged and received by the school district to be placed in the impact aid revenue bond debt service fund are immediately subject to the lien of the pledge without a…
A.R.S. § 41-5813 Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments
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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…
A.R.S. § 41-5814 Effect of changing circumstances on bonds; agreement of state
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A. Bonds issued under this article remain valid and binding obligations of the school district notwithstanding that before the delivery of the bonds any of the persons whose signatures appear on the bonds cease to be officers of the school district. B. An amendment of any provisi…
A.R.S. § 41-5815 Validity of bonds; certification by attorney general
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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…
A.R.S. § 41-5831 Definitions
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In this article, unless the context otherwise requires: 1. "HVAC system" means the equipment, distribution network and terminals that provide, either collectively or individually, the process of heating, ventilation or air conditioning to a building. 2. "School activity hours" me…
A.R.S. § 41-5832 Indoor air quality requirements
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A. When the board or the division approves the construction of a school building, the division shall conduct an environmental site assessment. The division shall consider site assessment standards in accordance with the American society for testing and materials standard E1527, s…
A.R.S. § 41-5841 Achievement district school application
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A. The credit enhancement eligibility board established by section 41-5852 shall establish an application process, application forms and selection criteria for a public school or charter school to qualify as an achievement district school for the purposes of article 11 of this ch…
A.R.S. § 41-5851 Definitions
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In this article, unless the context otherwise requires: 1. "Achievement district school" means a public school or a charter school that has qualified as an achievement district school pursuant to article 10 of this chapter and that has submitted an application with the board purs…
A.R.S. § 41-5852 Credit enhancement eligibility board; members
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A. The credit enhancement eligibility board is established consisting of the following members: 1. The governor or the governor's designee. 2. The state treasurer or the treasurer's designee. 3. The director of the department of administration or the director's designee. B. Membe…
A.R.S. § 41-5853 Powers and duties of the board
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A. The board is a body corporate and politic and may have an official seal that is judicially noticed. B. The board may: 1. Sue and be sued in its own name. 2. Contract and enter into agreements as necessary to carry out its responsibilities under this article. 3. Contract with e…
A.R.S. § 41-5854 Arizona public school credit enhancement fund; purposes; exemption
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A. The Arizona public school credit enhancement fund is established consisting of: 1. Payments of program participation fees paid by schools that have participated in guaranteed financings pursuant to section 41-5855. 2. Repayments of monies of the fund that are used to make paym…
A.R.S. § 41-5855 Arizona public school credit enhancement program; eligibility; approval of financing; participation fee
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A. The Arizona public school credit enhancement program is established to assist achievement district schools in obtaining more favorable financing by guaranteeing the payment of principal and interest on guaranteed financings issued by or on behalf of achievement district school…
A.R.S. § 41-5856 Payment of program guarantees; notification requirements; repayment
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A. On any draw from the debt service reserve fund to pay principal or interest on a guaranteed financing, the bank trustee, paying agent or other fiduciary for the guaranteed financing shall deliver written notice of the draw to the board and to the state treasurer within ten bus…
A.R.S. § 41-5857 Program funding obligations; immunity
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A. The board may deliver nonnegotiable program funding obligations in one or more series in an aggregate principal amount of not more than $80,000,000. B. The board shall sell any program funding obligations prescribed in subsection A of this section to the state treasurer, and t…
A.R.S. § 41-5858 Quarterly reports
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1. A listing of all outstanding guaranteed financings approved by the board, including the following information for each financing: (a) The name of the public school or charter school by or on behalf of which the debt obligation was issued. (b) The date of the issuance. (c) The …