Arizona Revised Statutes § 5-1170 Payment Of Bonds

5-1170. Payment of bonds

(Conditionally Rpld.)

A. The bonds shall be paid solely from monies in the debt service account.

B. The members of the authority board and any persons who execute the bonds are not personally liable for the payment of the bonds.

C. The authority's fiscal agent shall cancel all bonds when paid.

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Last modified: October 13, 2016