Arizona § 48-691 - Separate fund to pay interest and principal upon maturing installment
Full text of Arizona Arizona Revised Statutes § 48-691 — Separate fund to pay interest and principal upon maturing installment, with citation guidance and answers to common questions.
§ 48-691. Separate fund to pay interest and principal upon maturing installment
After any indebtedness is incurred under the provisions of this article, the treasurer of the city or town, during each year such indebtedness continues, shall set aside in a separate fund from the revenues received during such year from highway user taxes, including motor vehicle fuel taxes, and all other taxes, fees, charges or other monies returned to the city or town pursuant to title 28, chapter 18, article 2 and section 42-6107, an amount sufficient to pay the interest and principal upon the installment on such indebtedness next maturing.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-691
What does Arizona Revised Statutes § 48-691 cover?
Section 48-691 ("Separate fund to pay interest and principal upon maturing installment") 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 § 48-691?
A common citation format is "Arizona Revised Statutes § 48-691" (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 § 48-691 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.