Arizona § 48-5170 - Regional public transportation authority monies; treasurer; investments
Full text of Arizona Arizona Revised Statutes § 48-5170 — Regional public transportation authority monies; treasurer; investments, with citation guidance and answers to common questions.
§ 48-5170. Regional public transportation authority monies; treasurer; investments
A. No monies derived from the sale of bonds issued under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds may be required to be paid into the state or county treasury.
B. The authority may appoint a treasurer or fiscal agent to hold, deposit or invest the authority's monies.
C. Monies derived from the sale of bonds issued under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds:
1. May be invested in obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, sponsored corporations or instrumentalities or shall be deposited by the treasurer or other fiscal officer of the board in the banks or trust companies as designated by the board and, if required by the board, shall be secured by obligations of the United States.
2. Shall be disbursed as the board may direct and according to the terms of any agreements with the holder or holders of any bonds.
D. This section does not limit the power of the board to agree in connection with the issuance of any of its bonds as to the custody and disposition of the monies received from the sale of the bonds or from the income and revenues pledged or assigned to or in trust for the benefit of the holder or holders of the bonds.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-5170
What does Arizona Revised Statutes § 48-5170 cover?
Section 48-5170 ("Regional public transportation authority monies; treasurer; investments") 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 § 48-5170?
A common citation format is "Arizona Revised Statutes § 48-5170" (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 § 48-5170 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.