Arizona Laws 48-4254. County stadium district bonds as legal investments
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County stadium district bonds issued under this article are securities in which public officers and bodies of this state and of municipalities and political subdivisions of this state, all companies, associations and other persons carrying on an insurance business, all financial institutions, investment companies and other persons carrying on a banking business, all fiduciaries and all other persons who are authorized to invest in obligations of the county may properly and lawfully invest. The bonds are also securities which may be deposited with public officers or bodies of this state and municipalities and political subdivisions of this state for purposes which require the deposit of state or county bonds or obligations.
Terms Used In Arizona Laws 48-4254
- District: means any county stadium district established pursuant to section 48-4202, subsection A, B or C. See Arizona Laws 48-4201
- Stadium: means a sports facility or facilities located in the district and designed to accommodate, but not be limited to, major league baseball events or intercollegiate athletic events. See Arizona Laws 48-4201