Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 13. HOSPITAL DISTRICTS |
Article 1. General Provisions |
Sec 48-1916. Disposition and use of rental from hospital or urgent care center or medical clinic and equipment
Latest version.
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Rentals received from the lease of the hospital or urgent care center and its equipment shall be applied first against expenses of the district other than for principal and interest on bonds of the district, and secondly to the payment of principal and interest on issued and outstanding bonds.