Arizona Revised Statutes § 35-1204 Mandatory Deposit Of Public Funds In Eligible Depositories; Notice; Exemption

35-1204. Mandatory deposit of public funds in eligible depositories; notice; exemption

A. Uninsured public deposits required to be secured by collateral pursuant to this chapter shall be deposited in an eligible depository.

B. On written notice to the administrator, a city that is governed by a charter and that has a population of more than one million persons is exempt from the requirements of this article.

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Last modified: October 13, 2016