The state treasurer or the treasurer of any political subdivision may set aside such amounts as may be directed by the governing body or may in such treasurer’s discretion be sufficient to meet potential rebate requirements.

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Terms Used In Arizona Laws 35-513

  • Political subdivision: means city, town, county, school district, community college district, multi-county water conservation district, agriculture improvement district, industrial development authority, pollution control corporation, special taxing district in title 48 and any other agency, instrumentality, municipal corporation or other entity created by a law of this state which has the power to issue bonds. See Arizona Laws 35-511
  • Rebate: means the payment of monies to the federal government pursuant to any law enacted by the Congress of the United States in consideration of retaining any exemption from federal income taxes for the interest income on an issuer's bonds. See Arizona Laws 35-511
  • Treasurer: means the treasurer, finance director or other person acting in the capacity of the treasurer of this state or any political subdivision. See Arizona Laws 35-511
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