Arizona § 48-152 - Disposition of proceeds
Full text of Arizona Arizona Revised Statutes § 48-152 — Disposition of proceeds, with citation guidance and answers to common questions.
§ 48-152. Disposition of proceeds
All proceeds received from the sale of the bonds, all fees, rents, tolls or other charges received by the district from any undertaking financed by the bonds, and all monies received from any source in connection therewith shall be paid to the district treasurer, or such depository as may be designated by the board of directors. The district treasurer or depository shall not commingle any money received under the terms of this article with any other monies, but the monies received under this article shall be deposited in a separate fund with the district treasurer or depository in the name of the district. The board of directors may by resolution provide that all deposits of such proceeds, fees, rents, tolls or other charges, and the monies received under this article, shall be secured by obligations of the United States or of this state of a market value equal at all times to the amount of the deposits, and all banks and trust companies are authorized to give such security for the deposits.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-152
What does Arizona Revised Statutes § 48-152 cover?
Section 48-152 ("Disposition of proceeds") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 48-152?
A common citation format is "Arizona Revised Statutes § 48-152" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 48-152 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.