Arizona § 36-1415 - Housing bonds as security or legal investment
Full text of Arizona Arizona Revised Statutes § 36-1415 — Housing bonds as security or legal investment, with citation guidance and answers to common questions.
§ 36-1415. Housing bonds as security or legal investment
A. The bonds or other obligations of a public housing authority, city, town or county issued for a housing project under the authority of this article or other law of this state, or issued by any public housing authority or agency of the United States, and secured by a pledge of annual contributions to be paid by the United States government or any agency thereof, shall constitute:
1. Authorized security for the deposit of public monies.
2. Authorized security for use in compliance with any law requiring deposits of securities to be made with any public agency.
3. Legal investments for monies subject to investment, held by or under the control of any officer or public body of the state or of any political subdivision or municipal corporation.
4. Legal investments for the sinking funds, trust funds or other monies belonging to or under the control of:
(a) Banks, savings banks and other persons carrying on a banking business.
(b) Insurance companies and other persons carrying on an insurance business.
(c) Executors, administrators, guardians, trustees or other fiduciaries.
B. This article does not relieve any public officer, corporation, fiduciary or other person from the duty of exercising reasonable care in the selection of securities.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 36-1415
What does Arizona Revised Statutes § 36-1415 cover?
Section 36-1415 ("Housing bonds as security or legal investment") 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 § 36-1415?
A common citation format is "Arizona Revised Statutes § 36-1415" (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 § 36-1415 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.