Arizona § 28-7675 - Fund; annual financial audit and report
Full text of Arizona Arizona Revised Statutes § 28-7675 — Fund; annual financial audit and report, with citation guidance and answers to common questions.
§ 28-7675. Fund; annual financial audit and report
A. The transportation board shall annually cause a financial audit to be made of the fund. The financial audit shall be conducted by a certified public accountant within six months after the end of each fiscal year. The board shall immediately file a certified copy of the audit with the auditor general.
B. The board shall pay any fees and costs of the financial audit under this section from the fund.
C. The transportation board is exempt from subsection A of this section if all of the following apply:
1. Unexpended monies do not remain in the fund except interest and investment earnings deposited pursuant to section 28-7674, subsection B, paragraph 6.
2. There are no outstanding eligible project loans in the fund.
3. All approved or pending eligible project loans or other financial assistance applications are disbursed, and the board does not expect additional financial assistance applications.
4. There are no outstanding board funding obligations due to the state treasurer.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 28-7675
What does Arizona Revised Statutes § 28-7675 cover?
Section 28-7675 ("Fund; annual financial audit and report") 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 § 28-7675?
A common citation format is "Arizona Revised Statutes § 28-7675" (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 § 28-7675 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.