Ariz. Rev. Stat. § 48-1814
Current through L. 2024, ch. 259
The board may provide that any series of bonds may be secured by a trust agreement by and between the district and one or more corporate trustees or fiscal agents, which may be any trust company or bank having the powers of a trust company in this state. A resolution is effective on its adoption unless otherwise specified.
A.R.S. § 48-1814