Arizona Laws 49-1272. Water supply development revolving fund; administration
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A. The board shall administer the water supply development revolving fund.
Terms Used In Arizona Laws 49-1272
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the water infrastructure finance authority board established by section 49-1206. See Arizona Laws 49-1201
- fund: means the water supply development revolving fund established by section 49-1271. See Arizona Laws 49-1270
- Water supply development: means any of the following:
(a) Acquiring water or rights to or contracts for water to augment the water supply of a water provider, including any environmental or other reviews, permits or plans reasonably necessary for that acquisition. See Arizona Laws 49-1201
B. On notice from the board, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.
C. Monies and other assets in the fund shall be used solely for the purposes authorized by this article.