Arizona § 3-1010 - Provision of bond resolution; covenants
Full text of Arizona Arizona Revised Statutes § 3-1010 — Provision of bond resolution; covenants, with citation guidance and answers to common questions.
§ 3-1010. Provision of bond resolution; covenants
A. A resolution pertaining to issuance of bonds under this article may contain covenants as to:
1. The purpose to which the proceeds of sale of the bonds may be applied and to the use and disposition thereof.
2. The use and disposition of the revenues of the project for which the bonds are to be issued.
3. The issuance of other or additional bonds, payable from the revenue received from the operation of the coliseum and exposition center and its facilities.
4. The operation and maintenance of the coliseum and exposition center and its facilities.
5. The insurance to be carried thereon and the use and disposition of insurance monies.
6. Books of account and the inspection and audit thereof.
7. The terms and conditions upon which the holders of the bonds, or any proportion of them, or a trustee therefor, shall be entitled to the appointment of a receiver, who may enter and take possession of the coliseum and exposition center and its facilities, operate and maintain it, prescribe charges, fees and rentals and collect, receive and apply all revenues therefrom thereafter arising in the same manner as the Arizona exposition and state fair board itself might do, until such time as the terms and conditions of the bonds are satisfied, at which time the receiver shall return possession of the coliseum and exposition center and its facilities to the Arizona exposition and state fair board.
B. The provisions of this article and any such resolution shall be deemed a contract with the holders of the bonds, and the duties of the Arizona exposition and state fair board under this article and resolution shall be enforceable by mandamus or other appropriate action in a court of competent jurisdiction.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 3-1010
What does Arizona Revised Statutes § 3-1010 cover?
Section 3-1010 ("Provision of bond resolution; covenants") 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 § 3-1010?
A common citation format is "Arizona Revised Statutes § 3-1010" (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 § 3-1010 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.