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Arizona Revised Statutes

Chapter 1
BUDGETARY AND FISCAL PROVISIONS FOR STATE AGENCIES
Article 1General Provisions
  • 35-103
  • Annual financial reports; notification; payments
Article 2Budget Preparation
  • 35-111
  • Executive budget; revisions
  • 35-112
  • Forms for budget unit estimates; date of transmittal
  • 35-113
  • Submission of budget estimates
  • 35-114
  • Continuous financial planning; submission of tentative budget report; appropriations estimate report
  • 35-115
  • Contents of budget report
  • 35-116
  • Supervisory powers of governor relating to budget report; exceptions
  • 35-117
  • Participation of governor-elect in budget hearings
  • 35-118
  • Transmission of budget report to legislature
  • 35-119
  • Assistance to appropriation committees
  • 35-120
  • Additional powers of governor
  • 35-121
  • Format of appropriations
  • 35-122
  • Strategic plans; program lists; compilation
  • 35-123
  • Nonappropriated monies; report
  • 35-124
  • Performance pay component; identification
  • 35-125
  • Revenue and expenditure estimates; three-year plan; public hearing
Article 2.1Accounting for State Funds
  • 35-131
  • Accounting system; reports; notice of deficiency; forms
Article 3Control of Receipts and Expenditures
  • 35-141
  • General fund; payment of salaries and expenses
  • 35-142
  • Monies kept in funds separate from state general fund; receipt and withdrawal
  • 35-142.01
  • Reimbursement of appropriated funds; receipt and deposit; prohibition; inmate health care services; notice
  • 35-143
  • Collection through budget units; time for collection; failure to collect; liability
  • 35-143.01
  • Special funds; appropriation; reversion; use
  • 35-144
  • Budget stabilization fund; definitions
  • 35-145
  • Control of taxes receivable from counties; statements from county treasurer; violation; penalty
  • 35-146
  • Deposit of receipts by budget units
  • 35-147
  • Treasurer's deposits; preparation and disposition
  • 35-148
  • Payment for interagency services as credit to account of agency; transfer of miscellaneous state monies to general fund; exceptions
  • 35-149
  • Disposition of private funds; contributions and suspense funds; exception
  • 35-150
  • Current record of revenues; enforcement powers
  • 35-151
  • Encumbrance documents; issuance and disposition
  • 35-152
  • Special masters; payment of fees and expenses
  • 35-154
  • Unauthorized obligations; effect; liability
  • 35-155
  • Cash deposit as an alternative to a surety bond
Article 4Classification and Allotment of Funds
  • 35-171
  • Bookkeeping procedures for treasurer
  • 35-172
  • Authorized expenditures classed as appropriated
  • 35-173
  • Allotment of appropriations; limitations; exceptions
  • 35-174
  • Vacancy savings; definition; personal services and employee related expenditures; reversion
Article 5Fiscal Procedures, Controls and Reports
  • 35-181.01
  • Presentation, approval and payment of claims and payrolls; amended claims
  • 35-181.02
  • Audit, adjustment and settlement of claims; procedures for rejection
  • 35-181.03
  • Audit of nonprofit corporations receiving state monies; definition
  • 35-182
  • Certification of claims
  • 35-183
  • Countersigning of warrants and vouchers
  • 35-185
  • Disbursements of monies
  • 35-185.01
  • Treasurer's warrant notes; form; redemption; exception
  • 35-185.02
  • Treasurer's warrant note redemption fund; receipt; appropriation
  • 35-186
  • Duplicate warrants; notice; bond; form and effect
  • 35-187
  • Warrants; limitation on payment
  • 35-188
  • Allowance of set-off against state; audit of claim
  • 35-189
  • Issuance of certificate for claim for which no appropriation made
  • 35-190
  • Incurring obligations after close of fiscal year; lapsing appropriations; exceptions
  • 35-191
  • Administrative adjustment; refunds; presentation and disposition of claims; report; exemption
  • 35-192
  • Authorization for declaration of disaster; authorization for liabilities and expenses; priorities and limitations; review and report of expenditures
  • 35-192.02
  • Travel advances; administration; reimbursement
  • 35-193.02
  • Special services revolving fund; contents; administration; annual excess reversion
  • 35-196
  • Illegal withholding or expenditure of state monies; civil liability
  • 35-196.01
  • Expenditure of state monies for certain purposes; report
  • 35-196.02
  • Use of public funds or insurance for abortion prohibited; exception
  • 35-196.03
  • Refunds for invalid tax laws; appropriation required
  • 35-196.04
  • Use of public monies for human cloning; prohibition; definition
  • 35-196.05
  • Public funding; family planning services; contracting with certain facilities; prohibition; enforcement; definitions
  • 35-197
  • Violations; classification
Article 6Recovery of State Monies Illegally Paid
  • 35-211
  • Approval, allowance or payment of unauthorized claim; liability of parties; penalty
  • 35-212
  • Injunctive and civil remedies; definition
  • 35-213
  • Failure of attorney general to bring action; action by taxpayer; bond; amount of recovery and attorney fees
  • 35-214
  • Inspection and audit of contract provisions
  • 35-215
  • Influencing, obstructing or impairing audit; classification
Chapter 2
HANDLING OF PUBLIC FUNDS
Article 1Custodians of Public Money
  • 35-301
  • Duties and liabilities of custodian of public monies; violations; classification
Article 2State Management of Public Monies
  • 35-311
  • State board of investment; membership; powers and duties
  • 35-312
  • Eligible depositories; collateral
  • 35-313
  • Investment of trust and treasury monies; loan of securities
  • 35-314
  • Equity investment of trust and treasury monies; definition
  • 35-314.01
  • Permanent state land fund monies; investment
  • 35-314.02
  • Budget stabilization fund monies; investment
  • 35-314.03
  • State, tribal and political subdivision endowment funds; state investment authority
  • 35-315
  • Servicing banks; qualifications; proposals
  • 35-316
  • Investment pools; deduction; operating fund
  • 35-317
  • State treasurer; duties; safekeeping of securities; interest; exemptions; responsibilities
  • 35-318
  • Investment managers and advisors; treasury monies; investment services account
  • 35-319
  • Permanent state trust land fund monies; state board of investment; state treasurer; duties; distributions; mandamus action
Article 2.1Money Management
  • 35-323
  • Investing public monies; bidding; security and other requirements
  • 35-323.01
  • Investment of government monies in deposits; conditions; definition
  • 35-324
  • Investment of trust funds; loan of securities; sale of permanent endowment securities
  • 35-325
  • Servicing bank of public monies
  • 35-326
  • Local government investment pool
  • 35-326.01
  • Long-term local government investment pools; fund; exemption
  • 35-327
  • Treasurer; duties; safekeeping of securities; warrants of financial officers; earnings; exemptions; responsibilities
  • 35-328
  • Investment of sinking funds
  • 35-329
  • Funds of charter cities
Article 3Payment of Agency Accounts
  • 35-342
  • Payment of agency accounts; delinquency; interest
Article 6Acceptance of County or Municipal Warrants as Payment of Public Debts
  • 35-381
  • Acceptance of warrants in payment of debts; exception
  • 35-382
  • Effect of acceptance of warrants by county treasurer
  • 35-383
  • Charging warrant to respective funds
Article 7Credit Card Payments by Governmental Entities
  • 35-391
  • Credit card payments by governmental entities; disclosure; definitions
Article 8Terrorism Country Divestments
  • 35-392
  • State treasurer and retirement system divestments; policy notices
Article 9Israel Boycott Divestments
  • 35-393.01
  • Contracting; procurement; investment; prohibitions
  • 35-393.02
  • Investment; restricted companies list; notice; immunity; exception
Chapter 3
PUBLIC INDEBTEDNESS
Article 1State Tax Anticipation Bonds
  • 35-403
  • Form and contents of bonds
  • 35-404
  • Amount of bonds; limitation
  • 35-405
  • Resolution for issuance
  • 35-406
  • Sale of bonds; use of proceeds
  • 35-407
  • Payment of bonds and interest
  • 35-408
  • Rights of holder of bond
Article 2State Indebtedness Bonds
  • 35-421
  • State loan commissioners; issuance of bonds; exemption of bonds from taxes
  • 35-422
  • Denominations and terms of bonds
  • 35-424
  • Sale of bonds; notice, publication and bids
  • 35-426
  • Application of proceeds to redemption of indebtedness; notice to redeem
  • 35-427
  • Tax levy for amortization of bonds; determination of tax rate; additional levy; application of monies; violation; penalty
  • 35-428
  • Redemption of bonds; notice; record of bonds redeemed
  • 35-429
  • Issuance of state bonds for county, municipal or school district indebtedness
  • 35-430
  • Cancellation of redeemed bonds; record of redemption; transmittal of abstract of record; payment of interest
  • 35-431
  • Registration of bond; effect; entry of registration
Article 3County and Other Municipal Indebtedness
  • 35-451
  • Local debt limit; increase in limitation; authority to issue bonds; definitions
  • 35-451.01
  • Power to use outstanding bond authorizations of common or high school districts
  • 35-452
  • Election to authorize indebtedness; costs
  • 35-454
  • Informational pamphlet for election; review; ballot; election; return; canvass of vote; certificate of election
  • 35-455
  • Issuance and sale of bonds; call for election
  • 35-456
  • Amount, denomination and form of bonds
  • 35-456.01
  • Bonds; manual affixing of signatures
  • 35-457
  • Sale of bonds; bids; forfeiture of deposit; definitions
  • 35-458.01
  • Commercial paper; variable rate bonds; compound interest bonds; bonds subject to tender
  • 35-459
  • Redemption of bonds and coupons
  • 35-461
  • Payment of expenses of bond issues
Article 3.1Tax Anticipation Notes
  • 35-465.04
  • Application of taxes; payment of notes
  • 35-465.05
  • Investment of tax anticipation note proceeds; period of investment covenants
Article 3.2Grant Anticipation Notes
  • 35-466.04
  • Application of grant revenues; principal and interest redemption fund; payment of notes
  • 35-466.05
  • Investment of note proceeds; period of investment covenants
  • 35-466.08
  • Prohibition against obligating state or political subdivisions; payment from grant revenues
Article 3.3Revenue Anticipation Notes
  • 35-467.04
  • Application of revenues, principal and interest redemption fund; payment of notes
  • 35-467.05
  • Investment of note proceeds; period of investment covenants
  • 35-467.08
  • Prohibition against obligating state or political subdivisions; payment from revenues
Article 3.4Bonds Secured by Water Transportation Revenues
  • 35-468.01
  • Bonds secured by water transportation revenues
  • 35-468.03
  • Supplemental tax levy; interest fund; redemption fund
  • 35-468.04
  • Pledge of revenues to secure debt instruments
  • 35-468.06
  • Bonds as obligation of political subdivision
Article 4Refunding County and Other Municipal Indebtedness
  • 35-471
  • Refunding bonds; resolution authorizing issuance; definition
  • 35-472
  • Form and contents of bonds; payment of principal and interest
  • 35-473
  • Limitation on issuance of refunding bonds
  • 35-473.01
  • Refunding bonds issued in advance of maturity of the bonds to be refunded; definition
  • 35-474
  • Levy of tax for payment of bonds; security
  • 35-475
  • Exchange or sale of bonds; record of bonds paid or retired
Article 4.1Summary Sale of Property for Special Assessment Default
  • 35-482
  • Summary sale of delinquent property
  • 35-483
  • Option to accelerate upon delinquency
Article 5Registration and Payment of Bonds
  • 35-491
  • Registration of bonds; payment of principal and interest; paying agent; security for deposits; record date; definition
  • 35-492
  • Reregistration or cancellation of registry of bond
  • 35-493
  • Collection and payment of bond through bank or trust company; effect
  • 35-494
  • Contracts as long-term obligations
  • 35-495
  • Supplemental nature of article
Article 6Recording State, County and Municipal Bonds
  • 35-501
  • Records of bond issues; debt-level analysis and report
  • 35-502
  • Reports; omission or refusal to comply; violation; classification
  • 35-503
  • Calculation of debt limits
  • 35-504
  • Debt oversight commission; membership; compensation; duties; commission termination
  • 35-505
  • Exemption; industrial development
Article 7Federal Income Tax Considerations
  • 35-512
  • Authority to comply with federal income tax laws
  • 35-513
  • Rebate set-aside; authorization
  • 35-514
  • Construction; right to contest; supplemental nature of article
  • 35-515
  • Rebate reporting; state agencies
Chapter 4
BANKRUPTCY OF TAXING DISTRICT
Article 1In General
  • 35-603
  • Filing petition; payment of expenses
  • 35-604
  • Resolution authorizing filing of petition and representation of district by attorney
  • 35-605
  • Powers of taxing district
  • 35-606
  • Resolution of district assenting to plan as prerequisite of final decree of court becoming effective
  • 35-607
  • Powers of district to consummate plan; issuance of refunding bonds; hearing upon resolution; notice
Chapter 5
INDUSTRIAL DEVELOPMENT FINANCING
Article 1Incorporation
  • 35-702
  • Proceedings to incorporate industrial development authority
  • 35-703
  • Articles of incorporation of industrial development authority
  • 35-707
  • Assumption of mortgage loans
  • 35-708
  • Financing certain owner-occupied single family dwellings; exception
Article 2Bonds
  • 35-721
  • Bonds of the corporation
  • 35-722
  • Approval by elected official if required by federal law
  • 35-723
  • Prohibition on state debt
  • 35-725
  • Bonds made legal investments
  • 35-726
  • Approval of general plan before issuing bonds; fee; definition
  • 35-728
  • Additional powers; allocating low-income housing tax credits; report; definition
  • 35-729
  • Exemption from procurement code
Article 3Tax Exemption and Liability
  • 35-741
  • Exemption from taxation
  • 35-742
  • Municipality or county not liable
Article 4Corporations
  • 35-751
  • Earnings of the corporation and exemption from restrictions
  • 35-752
  • Dissolution of corporation and vesting of title in municipality or county
  • 35-753
  • Recordation of documents
  • 35-754
  • Chapter cumulative; no notice required
Article 5Cooperation With Governmental Bodies
  • 35-761
  • Cooperation with public bodies
  • 35-762
  • Reviewing entities; approval of developments; coordination; definitions
Article 6Student Loan Bond Programs
  • 35-773
  • State program; representative; plan approval; bond rating
Chapter 6
POLLUTION CONTROL FINANCING
Article 1Incorporation
  • 35-802
  • Proceedings to incorporate pollution control corporations
  • 35-803
  • Articles of incorporation of pollution control corporations
  • 35-807
  • Earnings of the corporation
  • 35-808
  • Dissolution of corporation
  • 35-809
  • Recordation of documents
  • 35-810
  • Chapter cumulative; no notice required
Article 2Bonds
  • 35-821
  • Bonds of the corporation
  • 35-823
  • Bonds as legal investments
Article 3Tax Exemption and Liabilities
  • 35-831
  • Exemption from taxation
  • 35-832
  • Municipality or county not liable
Article 4Cooperation With Governmental Bodies
  • 35-841
  • Cooperation with governmental bodies
Chapter 7
ALLOCATION OF PRIVATE ACTIVITY BONDING AUTHORITY
Article 1General Provisions
  • 35-903
  • Arizona finance authority designated as state registry; fee
  • 35-904
  • Obtaining and issuing confirmations
  • 35-905
  • Restrictions on confirmations; definition
  • 35-906
  • Allocations obtained after March 31 through 5:00 p.m. December 16
  • 35-907
  • Allocations after 5:00 p.m. December 16
  • 35-908
  • Principal amount of bonds issued less than confirmation; fee
  • 35-910
  • Extension of confirmations
  • 35-911
  • Powers of the authority; certifications
  • 35-912
  • Limitation of liability
  • 35-913
  • Special allocations for mortgage revenue bonds and mortgage credit certificates; definitions
Chapter 8
SWAP AGREEMENTS
Article 1General Provisions
  • 35-1002
  • Swap agreements; provisions; purposes; credit enhancement
  • 35-1004
  • Treatment, calculation and payment of amounts due under swap agreements; exemptions from budget
  • 35-1005
  • Limitation on effect of chapter
Chapter 9
TRUST FUNDS
Article 1General Provisions
  • 35-1101
  • Legislative consideration; funds; trust status; report; requirements
Chapter 10
PUBLIC DEPOSITS
Article 1General Provisions
  • 35-1202
  • Powers of the statewide collateral pool administrator
  • 35-1203
  • Subrogation of administrator to depositor's rights; distribution of assets; payment
  • 35-1204
  • Mandatory deposit of public funds in eligible depositories; notice; exemption
  • 35-1205
  • Authority to make public deposits
  • 35-1206
  • Public depositors; immunity
  • 35-1207
  • Collateral for public deposits
  • 35-1208
  • Qualified escrow agent; substitutions
  • 35-1209
  • Reports of eligible depositories
  • 35-1210
  • Procedure for payment of losses
  • 35-1211
  • Civil penalties; hearing; noncompliance
  • 35-1212
  • Fees; public deposit administration fund