Arizona § 49-1242 - Drinking water revolving fund; administration; capitalization grant transfer account
Full text of Arizona Arizona Revised Statutes § 49-1242 — Drinking water revolving fund; administration; capitalization grant transfer account, with citation guidance and answers to common questions.
§ 49-1242. Drinking water revolving fund; administration; capitalization grant transfer account
A. The drinking water revolving fund is established. The board shall administer the fund pursuant to rule and in compliance with this article and the safe drinking water act.
B. On notice from the board, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.
C. The board shall use the monies and other assets in the fund solely for the purposes authorized by this article.
D. The board shall establish a capitalization grant transfer account and as many other accounts and subaccounts as required to administer the drinking water revolving fund and any other fund administered by the board.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 49-1242
What does Arizona Revised Statutes § 49-1242 cover?
Section 49-1242 ("Drinking water revolving fund; administration; capitalization grant transfer account") 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 § 49-1242?
A common citation format is "Arizona Revised Statutes § 49-1242" (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 § 49-1242 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.