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Form NSAR-B BLACKROCK MUNIYIELD ARIZ For: Jul 31

September 28, 2016 9:27 AM EDT
      PAGE  1
000 B000000 07/31/2016
000 C000000 0000911308
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLACKROCK MUNIYIELD ARIZONA FUND, INC.
001 B000000 811-07083
001 C000000 8004417762
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 BLACKROCK ADVISORS, LLC
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. (COMMON)
012 B000001 85-11340
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
012 A000002 THE BANK OF NEW YORK MELLON (PREFERRED)
012 B000002 85-05006
012 C010002 NEW YORK
012 C020002 NY
012 C030002 10289
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
014 A000001 BLACKROCK EXECUTION SERVICES
014 B000001 8-48719
014 A000002 BLACKROCK INVESTMENTS, LLC
014 B000002 8-48436
014 A000003 HARRIS WILLIAMS LLC
014 B000003 8-53380
014 A000004 PNC CAPITAL MARKETS, INC.
014 B000004 8-32493
      PAGE  2
014 A000005 PNC INVESTMENTS LLC
014 B000005 8-66195
014 A000006 SOLEBURY CAPITAL, LLC
014 B000006 8-67548
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  272
019 C000000 BLKRKADVSR
021  000000        0
022 A000001 FFI INSTITUTIONAL TAX-EXEMPT FUND
022 B000001 22-2509978
022 C000001      7896
022 D000001      8970
022 A000002 BLACKROCK LIQUIDITY FUNDS, MUNICASH
022 B000002 52-0983343
022 C000002      7462
022 D000002      6685
022 A000003 J.P. MORGAN SECURITIES INC
022 B000003 13-3379014
022 C000003      4973
022 D000003         0
022 A000004 CITIGROUP GLOBAL MARKETS INC
022 B000004 11-2418191
022 C000004      3207
022 D000004      1540
022 A000005 RBC CAPITAL MARKETS CORP
022 B000005 13-5033225
022 C000005      2599
022 D000005      1467
022 A000006 MORGAN STANLEY & CO. LLC
022 B000006 13-2655998
022 C000006      1004
022 D000006      1077
022 A000007 WELLS FARGO BANK NA
022 B000007 94-1347393
022 C000007      1905
022 D000007         0
022 A000008 BARCLAYS CAPITAL INC
022 B000008 13-3297824
022 C000008         0
022 D000008      1524
022 A000009 PERSHING LLC
022 B000009 13-2741729
022 C000009         0
022 D000009      1510
      PAGE  3
022 A000010 BANK OF AMERICA CORP
022 B000010 56-0906609
022 C000010         0
022 D000010       638
023 C000000      29592
023 D000000      24682
024  000000 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
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      PAGE  4
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049  000000 N
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054 C000000 N
      PAGE  5
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059  000000 Y
060 A000000 N
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      PAGE  6
070 C010000 Y
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070 E010000 Y
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070 F010000 N
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070 H010000 N
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      PAGE  7
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      PAGE  8
074 Y000000     3014
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076  000000    17.68
077 A000000 Y
077 B000000 Y
077 I000000 Y
077 O000000 N
077 Q010000 Y
078  000000 N
080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 St. Paul Fire & Marine Insurance Company
080 C000000    61025
081 A000000 Y
081 B000000  74
082 A000000 N
082 B000000        0
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084 A000000 N
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086 D020000      0
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086 F010000      0
086 F020000      0
087 A010000 COMMON STOCK
087 A020000 09254K109
087 A030000 MZA
087 B010000 PREFERRED STOCK
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   NEAL J. ANDREWS
TITLE       CFO
 



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TO THE SHAREHOLDERS AND BOARD OF TRUSTEES OF BLACKROCK MUNIYIELD INVESTMENT
FUND AND TO THE SHAREHOLDERS AND BOARDS OF DIRECTORS OF BLACKROCK MUNI NEW YORK
INTERMEDIATE DURATION FUND, INC., BLACKROCK MUNIYIELD ARIZONA FUND, INC.,
BLACKROCK MUNIYIELD CALIFORNIA FUND, INC., AND BLACKROCK MUNIYIELD NEW JERSEY
FUND, INC.:

In planning and performing our audits of the financial statements of BlackRock
Muni New York Intermediate Duration Fund, Inc., BlackRock MuniYield Arizona
Fund, Inc., BlackRock MuniYield California Fund, Inc., BlackRock MuniYield
Investment Fund and BlackRock MuniYield New Jersey Fund, Inc. (individually a
"Fund" and collectively, the "Funds"), as of and for the year ended July 31,
2016, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), we considered the Funds' internal control over
financial reporting, including controls over safeguarding securities, as a
basis for designing our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of
Form N-SAR, but not for the purpose of expressing an opinion on the
effectiveness of the Funds' internal control over financial reporting.
Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A fund's internal control
over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally
accepted accounting principles. A fund's internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the fund; (2)
provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the fund
are being made only in accordance with authorizations of management and
trustees/directors of the funds; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of a fund's assets that could have a material effect on the financial
statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions or that the degree of
compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Funds' annual or interim financial statements will not be prevented or detected
on a timely basis.

Our consideration of the Funds' internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be
material weaknesses under standards established by the Public Company
Accounting Oversight Board (United States). However, we noted no deficiencies
in the Funds' internal control over financial reporting and its operation,
including controls for safeguarding securities, that we consider to be a
material weakness, as defined above, as of July 31, 2016.

This report is intended solely for the information and use of management and
the Board of Trustees of BlackRock MuniYield Investment Fund and the Boards of
Directors of BlackRock Muni New York Intermediate Duration Fund, Inc.,
BlackRock MuniYield Arizona Fund, Inc., BlackRock MuniYield California Fund,
Inc., and BlackRock MuniYield New Jersey Fund, Inc., and the Securities and
Exchange Commission and is not intended to be and should not be used by anyone
other than these specified parties.

/s/ Deloitte & Touche LLP
Boston, Massachusetts
September 26, 2016



              BlackRock MuniYield Arizona Fund, Inc. (the "Fund")
                              File No. 811-07083
        Item No. 77I (Terms of New or Amended Securities) -- Attachment

A copy of the Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a).



              BlackRock MuniYield Arizona Fund, Inc. (the "Fund")
                              File No. 811-07083
  Item No. 77Q1(a) (Copies of Material Amendments to Registrant's Charter or
                            By-laws) -- Attachment

Attached please find as an exhibit under Sub-Item 77Q1(a) of Form N-SAR, a copy
of the Fund's Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares filed with the books and records of the
Fund on June 7, 2016.

                                      1



                                                                Exhibit 77Q1(a)

                    BLACKROCK MUNIYIELD ARIZONA FUND, INC.
                                 (THE "FUND")
                                  SERIES W-7
             VARIABLE RATE DEMAND PREFERRED SHARES ("VRDP SHARES")

                             CUSIP NO. 09254K505*

                  AMENDMENT TO NOTICE OF SPECIAL RATE PERIOD

                                          June 7, 2016

                                          BlackRock MuniYield Arizona Fund, Inc.
                                          100 Bellevue Parkway
                                          Wilmington, Delaware 19809

TO: Addressees listed on Schedule 1 hereto

   In accordance with the Fund's Articles Supplementary Establishing and Fixing
the Rights and Preferences of Variable Rate Demand Preferred Shares, dated
May 17, 2011 (the "ARTICLES SUPPLEMENTARY"), the Fund hereby notifies the
Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares
that the last day of the Special Rate Period has been extended from June 22,
2016 to June 21, 2017 in accordance with the terms of the Notice of Special
Rate Period, dated June 20, 2012 (the "NOTICE OF SPECIAL RATE PERIOD").

   The last day of the Special Rate Period shall be June 21, 2017, or such
later date as the Special Rate Period may be extended pursuant to the terms of
the Notice of Special Rate Period.

   Capitalized terms used but not defined in this Amendment to Notice of
Special Rate Period shall have the meanings given to such terms in the Articles
Supplementary and the Notice of Special Rate Period.

                           [Signature Page Follows]

--------
* NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible
  for the selection or use of the CUSIP Numbers selected, nor is any
  representation made as to its correctness indicated in any notice or as
  printed on any VRDP Share certificate. It is included solely as a convenience
  to Holders of VRDP Shares.

                                      2



IN WITNESS WHEREOF, I have signed this Amendment to the Notice of Special Rate
Period as of the date first written above.

                                     BLACKROCK MUNIYIELD ARIZONA FUND, INC.

                                     By:  /s/ Jonathan Diorio
                                          --------------------------------------
                                          Name:   Jonathan Diorio
                                          Title:  Vice President

                                      3



                                                                     SCHEDULE 1

               RECIPIENTS OF THIS NOTICE OF SPECIAL RATE PERIOD

Citibank, N.A.
390 Greenwich Street, 2nd Floor
New York, New York 10013
Attention: MSD Middle Office Manager
Telephone: (212) 723-6320
Fax: (212) 723-8642
Email: [email protected]

Citigroup Global Markets Inc.
390 Greenwich Street
New York, New York 10013
Attention: Middle Office Manager
Telephone: (212) 723-7124
Fax: (212) 723-8642
Email: [email protected]

The Depository Trust Company
[email protected]



              BlackRock MuniYield Arizona Fund, Inc. (the "Fund")
                              File No. 811-07083
    Item No. 77Q1(d) (Copies of All Constituent Instruments Referred to in
                          Sub-Item 77I) -- Attachment

A copy of the Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a).



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