48-6653 - Arizona Statutes

48-6653. Construction account (Conditionally Rpld. Delayed Rpld.) A. The district shall maintain a construction account in the general fund consisting of: 1. Monies received by the district from any source for the purpose of acquiring land for and funding the cost of constructing the regional attraction venue. 2. Proceeds of bonds issued by the district pursuant to article 4 of this chapter, which must be held in a segregated bond proceeds subaccount in the construction account. B. The district may spend monies in the construction account for costs of any regional attraction venue purpose as defined in section 48-6671.