The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 57th Legislature, 2nd Regular Session, which convenes in January 2026.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. The governing board shall cause an annual audit to be made of the impact aid revenue bond building fund and the impact aid revenue bond debt service fund, including all accounts and subaccounts in the funds. A certified public accountant shall conduct the audit within ninety days after the end of the fiscal year.
B. The governing board shall immediately file a certified copy of the audit with the auditor general. The auditor general may make any further audits and examinations that are considered to be necessary and take appropriate action relating to the audit or examination pursuant to title 41, chapter 7, article 10.1. If the auditor general takes no official action within thirty days after the audit is filed, the audit is considered to be sufficient.
C. The governing board shall pay negotiated and approved fees and costs of the certified public accountant and auditor general under this section from the impact aid revenue bond debt service fund.