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Current as of January 01, 2025 | Updated by Findlaw Staff
The board may purchase bonds for cancellation out of any monies available for the purchase at a price of not more than either of the following:
1. If the bonds are redeemable at the time of the purchase, the applicable redemption price plus accrued interest to the next interest payment date on the bonds.
2. If the bonds are not redeemable at the time of the purchase, the applicable redemption price on the first date after the purchase on which the bonds become subject to redemption plus accrued interest to that date.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 41. State Government § 41-5787. Bond purchase; cancellation - last updated January 01, 2025 | https://codes.findlaw.com/az/title-41-state-government/az-rev-st-sect-41-5787/
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 before relying on it for your legal needs.
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