Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 31. SPECIAL HEALTH CARE DISTRICT |
Article 3. Financial Provisions |
Sec 48-5562. Disposition and use of rental receipts from facilities and equipment
Latest version.
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Rental revenues, if any, received from the lease of a hospital, freestanding urgent care center, medical clinic or nursing care institution and their 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.