§ 41-5801 Definition
§ 41-5802 Authorization of school district impact aid revenue bonds
§ 41-5803 Issuance and sale of impact aid revenue bonds
§ 41-5804 Impact aid revenue bond building and debt service funds
§ 41-5805 Securing principal and interest
§ 41-5806 Cancellation of unsold impact aid revenue bonds
§ 41-5807 Payment of impact aid revenue bonds; use of surplus monies
§ 41-5808 Investment of monies in impact aid revenue bond building fund
§ 41-5809 Investment of monies in impact aid revenue bond debt service fund
§ 41-5810 Authorized investments of fund monies
§ 41-5811 Audit
§ 41-5812 Lien of pledge
§ 41-5813 Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments
§ 41-5814 Effect of changing circumstances on bonds; agreement of state
§ 41-5815 Validity of bonds; certification by attorney general
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Terms Used In Arizona Laws > Title 41 > Chapter 56 > Article 8 - Impact Aid Revenue Bonds

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Board: means the school facilities oversight board. See Arizona Laws 41-5701
  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.