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Arizona Revised Statutes Title 48. Special Taxing Districts § 48-2011.03. Issuance of bonds; notice; hearing

Current as of January 01, 2025 | Updated by Findlaw Staff

Notwithstanding any other law, a sanitary district may issue bonds that refinance existing debt and that mature over a period of forty-one years only if the sanitary district complies with both of the following before issuance of the bonds:

1. The new bonds do not cause an increase in the sanitary district's bonding capacity.

2. The sanitary district's board of directors holds a public hearing regarding the issuance of the bonds. The sanitary district's board of directors shall provide public notice of the hearing as otherwise prescribed by law.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 48. Special Taxing Districts § 48-2011.03. Issuance of bonds; notice; hearing - last updated January 01, 2025 | https://codes.findlaw.com/az/title-48-special-taxing-districts/az-rev-st-sect-48-2011-03/

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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