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Current as of January 01, 2025 | Updated by Findlaw Staff
The board may purchase bonds for cancellation, using any available monies, at a price not exceeding the following:
1. If the bonds are redeemable at the time of purchase, the applicable redemption price plus accrued interest to the next interest payment date.
2. If the bonds are not redeemable at the time of purchase, the applicable redemption price on the first date on which the bonds become subject to redemption plus accrued interest to that date.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 11. Counties § 11-681.06. Bond purchase; cancellation - last updated January 01, 2025 | https://codes.findlaw.com/az/title-11-counties/az-rev-st-sect-11-681-06/
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