{"data":{"id":"us-az/a.r.s.-35-467.08","jurisdiction":"us-az","citation":"A.R.S. § 35-467.08","heading":"Prohibition against obligating state or political subdivisions; payment from revenues","body":"This state or a political subdivision is not liable for the payment of the principal or interest on any revenue anticipation notes. Revenue anticipation notes are not obligations of this state or a political subdivision and do not constitute a debt, legal or moral, of this state or a political subdivision. The payment of the principal and interest on such notes shall not be made from or be enforceable against any monies of this state or a political subdivision other than revenues which have been paid into a revenue anticipation note principal and interest redemption fund established pursuant to section 35-467.04. A holder of a revenue anticipation note shall not compel the payment of grant revenues to an issuer.","path":["Title 35 Public Finances"],"source_url":"https://www.azleg.gov/ars/35/00467-08.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"34a5a915c7b1aee4ece8ee1fa7b984ae5c8167a56557b6b9fccd102a1b8248b9","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-35-467.07","next":"us-az/a.r.s.-35-468"},"notice":"GroundRules: Original legal text. Not legal advice."}