18 chapters · 855 sections in this title.
A.R.S. § 15-1688 Monies of the board
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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 …
A.R.S. § 15-1689 Validity of bonds
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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 cease…
A.R.S. § 15-1690 Prohibitions against obligating state of Arizona
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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 …
A.R.S. § 15-1691 Bonds; obligations of board
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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 …