40-1114. Authority subject to law and
regulations; nonprofit status


A. An authority shall be subject, in the operation of its transportation facilities
and equipment, to the laws and regulations of the state of Arizona and of the applicable
municipalities relating to traffic and operation of vehicles on the streets and highways
of the state and of the municipalities.


B. The corporation shall be a nonprofit enterprise, and no part of its net earnings
remaining after payment of its expenses shall inure to the benefit of any individual,
firm or corporation.