Arizona § 41-5753 - School facilities revenue bond proceeds fund; use for new school facilities
Full text of Arizona Arizona Revised Statutes § 41-5753 — School facilities revenue bond proceeds fund; use for new school facilities, with citation guidance and answers to common questions.
§ 41-5753. School facilities revenue bond proceeds fund; use for new school facilities
A. If the board issues revenue bonds under this article, the board shall establish a school facilities revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds.
B. The board may use monies in the school facilities revenue bond proceeds fund only for the purposes provided in section 41-5751, subsection A. Monies in the revenue bond proceeds fund are exempt from lapsing under section 35-190.
C. The state treasurer or bond trustee shall administer and account for the school facilities revenue bond proceeds fund.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 41-5753
What does Arizona Revised Statutes § 41-5753 cover?
Section 41-5753 ("School facilities revenue bond proceeds fund; use for new school facilities") 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 § 41-5753?
A common citation format is "Arizona Revised Statutes § 41-5753" (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 § 41-5753 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.