The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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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 director may authorize the state treasurer or bond trustee to invest monies in the state lottery revenue bond proceeds fund and the state lottery revenue bond debt service fund.
B. The order directing an investment may state a specified time when the monies invested will be used. The state treasurer or bond trustee shall make the investment in such a way as to mature at the specified date.
C. All monies earned as interest or otherwise derived from the investment of the monies in the state lottery revenue bond proceeds fund and the state lottery revenue bond debt service fund shall be credited to the state lottery revenue bond debt service fund established by section 5-534.
D. At the direction of the director, the state treasurer or bond trustee may invest or reinvest monies in the state lottery revenue bond proceeds fund and the state lottery revenue bond debt service fund in investments authorized by section 35-313. The purchase of the securities shall be made by the state treasurer or bond trustee on authority of the director. The treasurer or bond trustee shall act as custodian of all securities purchased. The securities may be sold on an order of the director.