Arizona § 45-2283 - Investment of revenues
Full text of Arizona Arizona Revised Statutes § 45-2283 — Investment of revenues, with citation guidance and answers to common questions.
§ 45-2283. Investment of revenues
The authority may invest revenues of the authority in securities and deposits with a maximum maturity of three years. All revenues shall be invested in eligible investments. Eligible investments include:
1. Certificates of deposit in eligible depositories as provided in title 35, chapter 2, article 2.1.
2. Interest-bearing savings accounts in banks and savings and loan institutions doing business in this state whose accounts are insured by federal deposit insurance for their industry.
3. Repurchase agreements with a maximum maturity of one hundred eighty days.
4. Bonds or other evidences of indebtedness of the United States or any of its agencies or instrumentalities if the obligations are guaranteed as to principal and interest by the United States or by any agency or instrumentality of the United States.
5. Bonds or other evidences of indebtedness of this state or any of its counties, incorporated cities or towns or school districts.
6. Deposits placed in accordance with the procedures prescribed in section 35-323.01.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 45-2283
What does Arizona Revised Statutes § 45-2283 cover?
Section 45-2283 ("Investment of revenues") 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 § 45-2283?
A common citation format is "Arizona Revised Statutes § 45-2283" (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 § 45-2283 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.