Arizona § 28-7617 - Nature of grant anticipation notes; limited obligation
Full text of Arizona Arizona Revised Statutes § 28-7617 — Nature of grant anticipation notes; limited obligation, with citation guidance and answers to common questions.
§ 28-7617. Nature of grant anticipation notes; limited obligation
A. Grant anticipation notes issued under this article are not general obligations of the department, any public officer or employee of the department or this state.
B. The notes are limited obligations payable solely from grant revenues received by the director and, if provided by the board at the time of authorizing the issuance of the grant anticipation notes, other monies lawfully available for application to that purpose and pledged to the payment of the principal, premium, if any, and interest on the notes.
C. A holder of a grant anticipation note may not compel the payment of grant revenues to the director.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 28-7617
What does Arizona Revised Statutes § 28-7617 cover?
Section 28-7617 ("Nature of grant anticipation notes; limited obligation") 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 § 28-7617?
A common citation format is "Arizona Revised Statutes § 28-7617" (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 § 28-7617 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.