Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 35. Public Finances |
Chapter 10. PUBLIC DEPOSITS |
Article 1. General Provisions |
Sec 35-1204. Mandatory deposit of public funds in eligible depositories; notice; exemption
Latest version.
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A. Uninsured public deposits required to be secured by collateral pursuant to this chapter shall be deposited in an eligible depository.
B. On written notice to the administrator, a city that is governed by a charter and that has a population of more than one million persons is exempt from the requirements of this article.