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Arizona Revised Statutes Title 9. Cities and Towns § 9-513. Lease of privately owned utility

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

A. When it is impracticable to issue bonds as provided by § 9-512 for an improvement or enterprise deemed necessary for the public welfare, the municipal corporation may lease at a stipulated rental a public improvement or utility.

B. The rental contract shall reserve to the municipal corporation the option to purchase the improvement or utility in the future.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 9. Cities and Towns § 9-513. Lease of privately owned utility - last updated January 01, 2025 | https://codes.findlaw.com/az/title-9-cities-and-towns/az-rev-st-sect-9-513/

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