Arizona § 28-7656 - Interest fund; redemption fund
Full text of Arizona Arizona Revised Statutes § 28-7656 — Interest fund; redemption fund, with citation guidance and answers to common questions.
§ 28-7656. Interest fund; redemption fund
A. The treasurer of the county issuing bonds secured by bridge construction revenues shall establish an interest fund and a redemption fund for paying the bonds. The treasurer shall deposit into the funds bridge construction revenues in amounts sufficient to pay the interest and principal of the bonds as they mature. The funds shall be used solely to pay principal and interest on the bonds.
B. The treasurer of the county issuing bonds secured by highway improvement revenues shall establish an interest fund and a redemption fund for paying the bonds. The treasurer shall deposit into the funds highway improvement revenues in amounts sufficient to pay the interest and principal of the bonds as they mature. The funds shall be used solely to pay the principal and interest on the bonds.
C. The funds under subsections A and B shall be established and maintained separately and used exclusively for the respective purposes for which they are established.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 28-7656
What does Arizona Revised Statutes § 28-7656 cover?
Section 28-7656 ("Interest fund; redemption fund") 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 § 28-7656?
A common citation format is "Arizona Revised Statutes § 28-7656" (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 § 28-7656 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.