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Current as of March 08, 2022 | Updated by FindLaw Staff
A. The Arizona power authority terminates on July 1, 2024, and title 30, chapter 1, article 1 1 is repealed on January 1, 2025, if the authority:
1. Has no outstanding contractual obligations with the United States or any United States agency.
2. Has no debts or obligations that were issued to finance the cost of the Hoover power plant modifications project, the Hoover power plant uprating project or other facilities related to the Boulder Canyon project.
3. Has otherwise provided for paying or retiring these debts or obligations.
B. If any contractual debt or obligation listed in subsection A of this section exists and a satisfactory provision has not been made to pay or retire the debt or obligation, the authority, and title 30, chapter 1, article 1, shall continue in existence until the debt or obligation is fully satisfied.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 41. State Government § 41-3024.16. Arizona power authority; conditional termination July 1, 2024 - last updated March 08, 2022 | https://codes.findlaw.com/az/title-41-state-government/az-rev-st-sect-41-3024-16/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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