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Current as of March 08, 2022 | Updated by FindLaw Staff
A. After approval of the health service survey report the board of directors of the district shall submit to the qualified electors of the district the proposition of incurring bonded indebtedness to obtain funds with which to acquire the property and perform the work set forth by the report. Elections under this subsection must be held on the first Tuesday following the first Monday in November as prescribed by § 16-204, subsection B, paragraph 1, subdivision (d). The resolution calling the election shall set forth:
1. The purposes of the proposed indebtedness.
2. A reference to the report for particulars.
3. The amount of the proposed indebtedness.
4. The maximum numbers of years for which the bonds may be outstanding.
5. The maximum rate of interest to be paid.
6. The date of the election.
7. The election precincts and polling places.
B. The resolution shall be published once each week for three successive weeks in a newspaper of general circulation in the district.
C. If the proposition of issuing bonds fails to receive a majority of the votes cast at the election to authorize issuance of the bonds, the board of directors, not less than six months after that election, may call another election on the question of issuing bonds under the terms of this article, either for the same purposes or for any lawful purpose of the district.
D. No bond election shall take place until the board of directors has demonstrated to the department that contractual arrangements have been made for staff and a coordinating medical provider, as defined in § 36-2351, and the department has certified to the board of directors and to the organizing board that the above arrangements are sufficient to ensure that ambulatory care services will be available to the district for a period of at least one year of medical clinic operation.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 48. Special Taxing Districts § 48-2214. Bond election; subsequent bond election - last updated March 08, 2022 | https://codes.findlaw.com/az/title-48-special-taxing-districts/az-rev-st-sect-48-2214/
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