9-623

9-623. Certification of satisfaction of annual
obligations

A. In any year that a scheduled payment is due as stated in the certification of
completion of construction from monies in the special fund established by the eligible
city for receipt of distributions from the Arizona convention center development fund, on
receiving distributions from the Arizona convention center development fund, the chief
financial officer shall deposit into the appropriate account a sufficient amount from
those distributions to make any scheduled payments or deposits for the current fiscal
year.

B. The chief financial officer shall certify to the state treasurer the
satisfaction of the annual obligations on depositing into the appropriate funds or
accounts sufficient monies to make any scheduled paymEnts or deposits for the current
fiscal year.